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) saw a significant 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 trading volume of 8,460,000 shares, the days-to-cover ratio is currently 0.7 days. Currently, 2.9% of the company's shares are sold short. Currently, 2.9% of the company's shares are sold short. Based on an average trading volume of 8,460,000 shares, the days-to-cover ratio is currently 0.7 days.

SES AI Stock Down 4.2%

Shares of NYSE:SES traded down $0.05 on Tuesday, hitting $1.12. 3,763,796 shares of the company traded hands, compared to its average volume of 17,342,586. SES AI has a 52 week low of $0.20 and a 52 week high of $2.53. The stock has a 50 day simple moving average of $1.08 and a 200-day simple moving average of $0.87. The company has a market cap of $409.86 million, a PE ratio of -3.62 and a beta of 0.40.

SES AI (NYSE:SES - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $4.33 million. SES AI has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that SES AI will post -0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $2.00 price target on shares of SES AI in a research note on Tuesday, June 24th. Wall Street Zen downgraded SES AI from a "hold" rating to a "sell" rating in a report on Sunday, June 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, SES AI presently has a consensus rating of "Moderate Buy" and a consensus target price of $1.75.

Hedge Funds Weigh In On SES AI

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cresset Asset Management LLC increased its holdings in shares of SES AI by 94.1% during the fourth quarter. Cresset Asset Management LLC now owns 20,288 shares of the company's stock valued at $44,000 after acquiring an additional 9,838 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of SES AI during the fourth quarter valued at $25,000. ProShare Advisors LLC boosted its position in shares of SES AI by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 36,677 shares of the company's stock valued at $80,000 after buying an additional 12,068 shares during the last quarter. Savant Capital LLC boosted its position in shares of SES AI by 32.1% during the second quarter. Savant Capital LLC now owns 58,118 shares of the company's stock valued at $52,000 after buying an additional 14,118 shares during the last quarter. Finally, Sitrin Capital Management LLC boosted its position in shares of SES AI by 50.0% during the second quarter. Sitrin Capital Management LLC now owns 60,000 shares of the company's stock valued at $53,000 after buying an additional 20,000 shares during the last quarter. 29.78% of the stock is currently owned by institutional investors.

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.

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