SES AI Corporation (NYSE:SES) Short Interest Update

Key Points

• SES AI Corporation experienced a 33.3% decrease in short interest in August, with total short interest falling to 4,100,000 shares.
• The company's stock has traded up 5.2%, with a current price of $1.32 and a twelve-month trading range between $0.20 and $2.53.
• Institutional investors now hold 29.78% of SES AI's stock, reflecting significant recent activity in stock acquisitions by hedge funds.

SES AI Corporation (NYSE:SES - Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 4,100,000 shares, a drop of 33.3% from the August 15th total of 6,150,000 shares. Approximately 1.9% of the company's shares are short sold. Based on an average daily volume of 7,180,000 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 7,180,000 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.9% of the company's shares are short sold.

SES AI Trading Down 0.3%

Shares of NYSE:SES traded down $0.01 during trading on Friday, hitting $1.58. 19,516,746 shares of the company's stock traded hands, compared to its average volume of 4,808,904. SES AI has a 52 week low of $0.20 and a 52 week high of $2.53. The company has a market cap of $576.01 million, a price-to-earnings ratio of -5.08 and a beta of 0.40. The company has a 50-day moving average price of $1.16 and a 200-day moving average price of $0.91.

SES AI (NYSE:SES - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $3.53 million during the quarter, compared to analyst estimates of $4.33 million. SES AI has set its FY 2025 guidance at EPS. On average, analysts predict that SES AI will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SES AI

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of SES AI during the 1st quarter worth approximately $1,064,000. Charles Schwab Investment Management Inc. increased its holdings in shares of SES AI by 14.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,200,895 shares of the company's stock worth $625,000 after acquiring an additional 151,420 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of SES AI by 2,314.7% during the 1st quarter. AQR Capital Management LLC now owns 1,138,003 shares of the company's stock worth $593,000 after acquiring an additional 1,090,875 shares during the last quarter. Northern Trust Corp increased 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 last quarter. Finally, Invesco Ltd. increased its holdings in shares of SES AI by 3.1% during the 2nd quarter. Invesco Ltd. now owns 920,259 shares of the company's stock worth $817,000 after acquiring an additional 27,765 shares during the last quarter. Institutional investors own 29.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SES. Cantor Fitzgerald reiterated an "overweight" rating and issued a $2.00 price objective on shares of SES AI in a research report on Tuesday, June 24th. Wall Street Zen lowered SES AI from a "hold" rating to a "sell" rating in a research report on Sunday, June 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $2.00.

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.