Aeluma, Inc. (NASDAQ:ALMU) Sees Significant Increase in Short Interest

Aeluma, Inc. (NASDAQ:ALMU) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 1,733,778 shares, a growth of 21.4% from the December 15th total of 1,428,657 shares. Approximately 11.4% of the company’s stock are short sold. Based on an average trading volume of 414,245 shares, the short-interest ratio is currently 4.2 days. Based on an average trading volume of 414,245 shares, the short-interest ratio is currently 4.2 days. Approximately 11.4% of the company’s stock are short sold.

Insider Buying and Selling at Aeluma

In related news, major shareholder Mark N. Tompkins sold 30,000 shares of the business’s stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $17.79, for a total value of $533,700.00. Following the transaction, the insider owned 2,024,988 shares in the company, valued at approximately $36,024,536.52. The trade was a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 250,000 shares of company stock worth $3,981,900 in the last three months. 14.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aeluma

Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in shares of Aeluma in the 3rd quarter worth approximately $29,000. BNP Paribas Financial Markets increased its position in Aeluma by 79.2% in the third quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock worth $31,000 after buying an additional 855 shares during the period. Osaic Holdings Inc. bought a new stake in Aeluma in the second quarter valued at $32,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Aeluma in the second quarter valued at $32,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new position in shares of Aeluma during the third quarter valued at $39,000.

Aeluma Trading Down 0.2%

ALMU stock opened at $21.58 on Monday. Aeluma has a 1-year low of $5.69 and a 1-year high of $25.88. The company’s fifty day simple moving average is $16.41. The company has a market capitalization of $385.42 million and a price-to-earnings ratio of -79.93.

Aeluma (NASDAQ:ALMU) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. Aeluma had a negative return on equity of 18.15% and a negative net margin of 67.97%.The business had revenue of $1.39 million during the quarter.

Wall Street Analyst Weigh In

ALMU has been the topic of several analyst reports. Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Aeluma in a report on Monday, December 29th. Wall Street Zen lowered shares of Aeluma from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeluma in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Aeluma has an average rating of “Hold” and an average price target of $25.50.

About Aeluma

Aeluma, Inc develops optoelectronic and electronic devices in the United States. The company manufactures semiconductor materials and chips using compound semiconductors on diameter substrates that are used to manufacture mass market microelectronics. It offers its devices for use in mobile, automotive, AI, defence and aerospace, communication, AR/VR, and HPC applications, as well as laser emitters, transistors for integrated circuits, quantum photonic circuits, and solar cells applications. Aeluma, Inc was formerly known as Parc Investments, Inc and changed its name to Aeluma, Inc June 2021.