SES AI Co. (NYSE:SES) Short Interest Down 15.9% in April

SES AI Co. (NYSE:SES - Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 19,830,000 shares, a drop of 15.9% from the March 31st total of 23,590,000 shares. Currently, 9.3% of the shares of the company are sold short. Based on an average trading volume of 25,700,000 shares, the days-to-cover ratio is currently 0.8 days.

SES AI Stock Down 1.6 %

NYSE SES traded down $0.01 during midday trading on Monday, hitting $0.80. The company had a trading volume of 12,694,664 shares, compared to its average volume of 12,021,321. The firm has a fifty day simple moving average of $0.63 and a two-hundred day simple moving average of $0.76. The stock has a market cap of $292.46 million, a price-to-earnings ratio of -3.49 and a beta of 0.45. SES AI has a fifty-two week low of $0.20 and a fifty-two week high of $2.53.

SES AI (NYSE:SES - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The firm had revenue of $5.79 million for the quarter, compared to analyst estimates of $2.00 million. As a group, equities analysts predict that SES AI will post -0.23 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Qichao Hu sold 194,459 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $227,517.03. Following the completion of the sale, the chief executive officer now directly owns 2,781,769 shares of the company's stock, valued at approximately $3,254,669.73. This represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jing Nealis sold 80,992 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $94,760.64. Following the transaction, the chief financial officer now directly owns 1,841,637 shares in the company, valued at $2,154,715.29. This trade represents a 4.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 347,471 shares of company stock worth $406,541 in the last quarter. 15.07% of the stock is currently owned by company insiders.

Institutional Trading of SES AI

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in SES AI by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company's stock worth $17,186,000 after buying an additional 608,676 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of SES AI by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 3,260,213 shares of the company's stock worth $7,141,000 after acquiring an additional 165,589 shares during the period. Northern Trust Corp lifted its holdings in shares of SES AI by 2.1% during the 4th quarter. Northern Trust Corp now owns 1,130,744 shares of the company's stock worth $2,476,000 after acquiring an additional 23,249 shares during the period. Renaissance Technologies LLC boosted its position in shares of SES AI by 202.8% during the 4th quarter. Renaissance Technologies LLC now owns 665,300 shares of the company's stock valued at $1,457,000 after acquiring an additional 445,600 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in SES AI by 666.4% in the fourth quarter. Two Sigma Investments LP now owns 513,010 shares of the company's stock valued at $1,123,000 after acquiring an additional 446,073 shares during the period. 29.78% of the stock is currently owned by institutional investors.

About SES AI

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.