Short Interest in NET Power Inc. (NYSE:NPWR) Increases By 33.3%

NET Power Inc. (NYSE:NPWR - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 2,000,000 shares, a growth of 33.3% from the March 15th total of 1,500,000 shares. Approximately 10.4% of the shares of the stock are short sold. Based on an average trading volume of 315,100 shares, the short-interest ratio is presently 6.3 days.

Wall Street Analysts Forecast Growth

Separately, Barclays initiated coverage on shares of NET Power in a research report on Wednesday, April 10th. They issued an "equal weight" rating and a $13.00 target price for the company.

NET Power Price Performance

Shares of NYSE NPWR traded down $0.29 during midday trading on Monday, hitting $9.86. 177,632 shares of the company traded hands, compared to its average volume of 304,508. NET Power has a 12-month low of $7.55 and a 12-month high of $17.62. The stock has a 50-day moving average price of $9.35 and a 200 day moving average price of $10.60.

Institutional Investors Weigh In On NET Power

A number of hedge funds and other institutional investors have recently bought and sold shares of NPWR. Vanguard Group Inc. purchased a new stake in NET Power in the third quarter worth about $21,680,000. Greenlight Capital Inc. grew its holdings in shares of NET Power by 5.5% during the fourth quarter. Greenlight Capital Inc. now owns 2,992,110 shares of the company's stock valued at $30,220,000 after buying an additional 155,000 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in shares of NET Power during the third quarter valued at approximately $1,988,000. Berylson Capital Partners LLC purchased a new stake in shares of NET Power during the fourth quarter valued at approximately $1,303,000. Finally, Shelton Capital Management purchased a new stake in shares of NET Power during the third quarter valued at approximately $1,510,000. Hedge funds and other institutional investors own 53.62% of the company's stock.

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.

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