Transphorm, Inc. (NASDAQ:TGAN) Short Interest Up 27.6% in April

Transphorm, Inc. (NASDAQ:TGAN - Get Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,040,000 shares, a growth of 27.6% from the April 15th total of 815,000 shares. Approximately 4.3% of the shares of the stock are sold short. Based on an average daily volume of 215,700 shares, the days-to-cover ratio is presently 4.8 days.

Transphorm Trading Down 0.2 %

Shares of TGAN traded down $0.01 during midday trading on Friday, reaching $4.88. 164,130 shares of the stock were exchanged, compared to its average volume of 231,022. Transphorm has a 52 week low of $1.94 and a 52 week high of $4.96. The company's 50 day moving average is $4.87 and its two-hundred day moving average is $4.17. The company has a market capitalization of $302.36 million, a P/E ratio of -7.07 and a beta of 0.59.

Transphorm (NASDAQ:TGAN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($0.20) earnings per share for the quarter. Transphorm had a negative net margin of 177.91% and a negative return on equity of 149.03%. The company had revenue of $4.67 million for the quarter.

Analyst Ratings Changes

Separately, Benchmark restated a "hold" rating on shares of Transphorm in a research note on Tuesday, January 16th.

Institutional Investors Weigh In On Transphorm

Several institutional investors have recently added to or reduced their stakes in TGAN. AIGH Capital Management LLC lifted its holdings in shares of Transphorm by 4.7% during the third quarter. AIGH Capital Management LLC now owns 4,619,558 shares of the company's stock worth $10,255,000 after purchasing an additional 206,965 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Transphorm by 1.4% during the first quarter. Vanguard Group Inc. now owns 1,500,305 shares of the company's stock worth $7,366,000 after purchasing an additional 19,986 shares during the period. Finally, Worth Venture Partners LLC lifted its holdings in shares of Transphorm by 4.6% during the third quarter. Worth Venture Partners LLC now owns 1,152,278 shares of the company's stock worth $2,558,000 after purchasing an additional 50,598 shares during the period. Institutional investors and hedge funds own 66.45% of the company's stock.

About Transphorm

Transphorm, Inc, a semiconductor company, develops, manufactures, and sells gallium nitride (GaN) semiconductor components for high voltage power conversion applications in Mainland China, Hong Kong, Taiwan, the United States, Japan, South Korea, India, and Europe. The company's products include GaN field effect transistors in various packages.