SES AI Co. (NYSE:SES) Short Interest Up 18.9% in March

SES AI Co. (NYSE:SES - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 23,590,000 shares, an increase of 18.9% from the March 15th total of 19,840,000 shares. Based on an average daily trading volume, of 28,430,000 shares, the short-interest ratio is currently 0.8 days. Currently, 11.0% of the company's stock are short sold.

SES AI Trading Up 18.5 %

Shares of SES traded up $0.16 during trading hours on Friday, hitting $1.03. The company had a trading volume of 80,725,210 shares, compared to its average volume of 11,609,508. The company has a market capitalization of $375.45 million, a PE ratio of -4.48 and a beta of 0.56. SES AI has a one year low of $0.20 and a one year high of $2.53. The company's fifty day moving average price is $0.63 and its two-hundred day moving average price is $0.75.

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

Insider Activity

In other news, insider Kyle Pilkington sold 44,051 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $51,539.67. Following the transaction, the insider now directly owns 496,580 shares in the company, valued at approximately $580,998.60. This trade represents a 8.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jing Nealis sold 80,992 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 1,841,637 shares of the company's stock, 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. Over the last 90 days, insiders have sold 347,471 shares of company stock worth $406,541. Company insiders own 15.07% of the company's stock.

Institutional Investors Weigh In On SES AI

Several institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc purchased a new stake in shares of SES AI during the 4th quarter valued at $25,000. Brevan Howard Capital Management LP purchased a new stake in shares of SES AI during the fourth quarter worth about $25,000. Cibc World Markets Corp acquired a new position in shares of SES AI during the fourth quarter valued at about $27,000. Optas LLC purchased a new position in shares of SES AI in the 4th quarter valued at approximately $27,000. Finally, XTX Topco Ltd purchased a new stake in SES AI during the 3rd quarter worth approximately $28,000. 29.78% of the stock is currently owned by institutional investors and hedge funds.

SES AI Company Profile

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.