Short Interest in Amprius Technologies, Inc. (NYSE:AMPX) Increases By 22.5%

Amprius Technologies, Inc. (NYSE:AMPX) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 16,283,031 shares, a growth of 22.5% from the December 15th total of 13,292,515 shares. Approximately 14.3% of the company’s shares are short sold. Based on an average daily trading volume, of 5,914,386 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily trading volume, of 5,914,386 shares, the days-to-cover ratio is presently 2.8 days. Approximately 14.3% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMPX. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Amprius Technologies in a research note on Tuesday, December 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a report on Wednesday, October 8th. Roth Capital set a $14.00 price objective on shares of Amprius Technologies and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Northland Securities set a $20.00 target price on Amprius Technologies in a report on Tuesday, October 7th. Finally, Cantor Fitzgerald lifted their price target on Amprius Technologies from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.57.

Insider Activity

In other news, CEO Kang Sun sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $10.60, for a total transaction of $10,600,000.00. Following the sale, the chief executive officer owned 1,472,306 shares of the company’s stock, valued at $15,606,443.60. This trade represents a 40.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Constantin Ionel Stefan sold 198,255 shares of Amprius Technologies stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $10.51, for a total value of $2,083,660.05. Following the transaction, the chief technology officer owned 748,696 shares in the company, valued at $7,868,794.96. This trade represents a 20.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,791,934 shares of company stock worth $29,740,138. Corporate insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in shares of Amprius Technologies by 14.7% during the 3rd quarter. Victory Capital Management Inc. now owns 11,817 shares of the company’s stock worth $124,000 after purchasing an additional 1,516 shares in the last quarter. Focus Partners Wealth increased its holdings in Amprius Technologies by 9.3% during the third quarter. Focus Partners Wealth now owns 26,484 shares of the company’s stock worth $276,000 after buying an additional 2,245 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Amprius Technologies by 17.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,134 shares of the company’s stock worth $81,000 after acquiring an additional 2,873 shares in the last quarter. Bank of America Corp DE raised its position in Amprius Technologies by 31.1% during the fourth quarter. Bank of America Corp DE now owns 12,890 shares of the company’s stock worth $36,000 after acquiring an additional 3,055 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Amprius Technologies by 353.2% in the third quarter. Jones Financial Companies Lllp now owns 4,532 shares of the company’s stock valued at $50,000 after acquiring an additional 3,532 shares during the last quarter. 5.04% of the stock is currently owned by institutional investors.

Amprius Technologies Trading Up 0.9%

Amprius Technologies stock opened at $11.10 on Wednesday. Amprius Technologies has a 1-year low of $1.70 and a 1-year high of $16.03. The company has a fifty day simple moving average of $10.13 and a 200 day simple moving average of $9.75. The company has a market cap of $1.45 billion, a P/E ratio of -42.67 and a beta of 3.04.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. The firm had revenue of $21.43 million for the quarter, compared to analysts’ expectations of $16.45 million. Amprius Technologies had a negative net margin of 53.16% and a negative return on equity of 38.85%. On average, equities research analysts forecast that Amprius Technologies will post -0.45 EPS for the current year.

Amprius Technologies Company Profile

Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.

At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.