Short Interest in Stem, Inc. (NYSE:STEM) Declines By 19.6%

Key Points

• Stem, Inc. experienced a significant decline in short interest of 19.6% in August, reducing the total to 1,190,000 shares, which represents approximately 15.3% of the company's shares sold short.
• The company reported an EPS of (3.73) for the last quarter, missing consensus estimates, but it surpassed revenue expectations with $38.40 million compared to the estimated $32.18 million.
• Analysts maintain an average rating of "Hold" for Stem's stock, with a price target ranging from $10.86 to $16.00 according to recent reports from UBS Group and Barclays.

Stem, Inc. (NYSE:STEM - Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,190,000 shares, a decrease of 19.6% from the August 15th total of 1,480,000 shares. Based on an average daily volume of 518,000 shares, the short-interest ratio is currently 2.3 days. Currently, 15.3% of the shares of the stock are sold short. Currently, 15.3% of the shares of the stock are sold short. Based on an average daily volume of 518,000 shares, the short-interest ratio is currently 2.3 days.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STEM. Barclays set a $13.00 target price on shares of Stem and gave the stock an "equal weight" rating in a research report on Monday, August 11th. UBS Group raised their price objective on shares of Stem from $8.60 to $16.00 and gave the stock a "neutral" rating in a research note on Friday, August 22nd. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $10.86.

Stem Stock Up 11.8%

Shares of NYSE:STEM traded up $2.13 during trading on Monday, reaching $20.23. 861,939 shares of the company traded hands, compared to its average volume of 187,559. The firm has a fifty day simple moving average of $14.60 and a 200 day simple moving average of $10.76. Stem has a 1-year low of $5.81 and a 1-year high of $33.60. The firm has a market cap of $169.76 million, a P/E ratio of -0.70 and a beta of 1.32.

Stem (NYSE:STEM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($3.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($3.00) by ($0.73). The company had revenue of $38.40 million during the quarter, compared to analysts' expectations of $32.18 million. Stem has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Stem will post -0.52 EPS for the current year.

Institutional Investors Weigh In On Stem

A number of large investors have recently bought and sold shares of STEM. Bridgeway Capital Management LLC bought a new position in Stem during the second quarter valued at about $97,000. Marshall Wace LLP bought a new position in shares of Stem in the second quarter valued at approximately $187,000. Cerity Partners LLC acquired a new stake in shares of Stem in the first quarter worth $29,000. CWM LLC boosted its holdings in shares of Stem by 317.7% during the 1st quarter. CWM LLC now owns 89,913 shares of the company's stock worth $31,000 after buying an additional 68,386 shares during the period. Finally, Electron Capital Partners LLC grew its stake in Stem by 24.7% in the 1st quarter. Electron Capital Partners LLC now owns 163,390 shares of the company's stock valued at $57,000 after buying an additional 32,313 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors.

Stem Company Profile

Stem, Inc operates as a digitally connected, intelligent, and renewable energy storage network provider worldwide. The company offers energy storage hardware sourced from original equipment manufacturers (OEMs); edge hardware to aid in the collection of site data and real-time operation and control of the site and other optional equipment; and Athena, a software platform, which offers battery hardware and software-enabled services to operate the energy storage systems.