Short Interest in NET Power Inc. (NYSE:NPWR) Expands By 42.5%

NET Power Inc. (NYSE:NPWR - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 5,030,000 shares, an increase of 42.5% from the May 15th total of 3,530,000 shares. Based on an average daily trading volume, of 1,650,000 shares, the short-interest ratio is presently 3.0 days. Approximately 15.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NPWR. Adage Capital Partners GP L.L.C. boosted its holdings in NET Power by 481.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 2,440,000 shares of the company's stock worth $6,417,000 after buying an additional 2,020,000 shares during the period. CenterBook Partners LP boosted its holdings in NET Power by 1,655.5% in the 1st quarter. CenterBook Partners LP now owns 1,744,770 shares of the company's stock worth $4,589,000 after buying an additional 1,645,380 shares during the period. Vanguard Group Inc. boosted its holdings in NET Power by 13.1% in the 4th quarter. Vanguard Group Inc. now owns 2,865,402 shares of the company's stock worth $30,345,000 after buying an additional 332,554 shares during the period. HITE Hedge Asset Management LLC boosted its holdings in NET Power by 80.6% in the 1st quarter. HITE Hedge Asset Management LLC now owns 743,238 shares of the company's stock worth $1,955,000 after buying an additional 331,726 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in NET Power by 930.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 141,958 shares of the company's stock worth $1,505,000 after buying an additional 128,187 shares during the period. Institutional investors own 53.62% of the company's stock.

NET Power Price Performance

Shares of NYSE:NPWR traded up $0.06 during midday trading on Thursday, hitting $2.36. The company had a trading volume of 820,420 shares, compared to its average volume of 849,664. The company has a market cap of $515.91 million, a price-to-earnings ratio of -1.14 and a beta of 0.64. NET Power has a 12-month low of $1.48 and a 12-month high of $14.28. The company has a fifty day moving average of $2.03 and a two-hundred day moving average of $5.59.

NET Power (NYSE:NPWR - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($1.55) EPS for the quarter, missing the consensus estimate of ($0.11) by ($1.44). Research analysts expect that NET Power will post -0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays lowered shares of NET Power from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $3.00 to $2.00 in a research note on Wednesday, April 23rd. Citigroup upgraded NET Power from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $14.00 to $6.00 in a research note on Tuesday, March 11th.

NET Power Company Profile

NET Power Inc operates as a clean energy technology company. The company invents, develops, and licenses clean power generation technology. NET Power Inc was founded in 2010 and is headquartered in Durham, North Carolina.