SES AI Corporation (NYSE:SES) Short Interest Update

Key Points

• SES AI Corporation experienced a 27.9% increase in short interest in August, with a total of 6,150,000 shares sold short as of August 15th.
• The company's stock price fell by 4.2% to $1.12, with a market cap of approximately $409.86 million and a PE ratio of -3.62.
• Analysts currently have a consensus rating of "Moderate Buy" for SES AI, with a target price of $1.75, following a recent earnings miss.

SES AI Corporation (NYSE:SES - Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 6,150,000 shares, a growth of 27.9% from the July 31st total of 4,810,000 shares. Based on an average daily volume of 8,460,000 shares, the days-to-cover ratio is currently 0.7 days. Approximately 2.9% of the company's stock are short sold. Approximately 2.9% of the company's stock are short sold. Based on an average daily volume of 8,460,000 shares, the days-to-cover ratio is currently 0.7 days.

SES AI Stock Performance

SES AI stock traded up $0.10 during midday trading on Friday, reaching $1.26. 6,729,127 shares of the company's stock were exchanged, compared to its average volume of 3,668,109. SES AI has a 52 week low of $0.20 and a 52 week high of $2.53. The firm has a market cap of $458.98 million, a price-to-earnings ratio of -4.05 and a beta of 0.40. The stock's 50-day simple moving average is $1.11 and its 200 day simple moving average is $0.88.

SES AI (NYSE:SES - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.02). The company 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. Research analysts forecast that SES AI will post -0.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On SES AI

Institutional investors have recently made changes to their positions in the company. Brevan Howard Capital Management LP bought a new stake in shares of SES AI during the fourth quarter worth approximately $25,000. Signaturefd LLC bought a new stake in shares of SES AI during the first quarter worth approximately $26,000. CWM LLC boosted its holdings in shares of SES AI by 1,427.9% during the first quarter. CWM LLC now owns 55,462 shares of the company's stock worth $29,000 after acquiring an additional 51,832 shares during the period. Voya Investment Management LLC acquired a new stake in shares of SES AI in the first quarter valued at approximately $31,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of SES AI in the second quarter valued at approximately $31,000. Institutional investors own 29.78% of the company's stock.

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.