Energous Corporation (NASDAQ:WATT) Short Interest Up 90.8% in January

Energous Corporation (NASDAQ:WATT) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 269,026 shares, a growth of 90.8% from the December 31st total of 140,973 shares. Based on an average daily volume of 700,012 shares, the short-interest ratio is currently 0.4 days. Currently, 12.4% of the shares of the stock are short sold. Currently, 12.4% of the shares of the stock are short sold. Based on an average daily volume of 700,012 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Energous in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Energous Stock Performance

WATT opened at $7.90 on Friday. The company has a fifty day moving average price of $5.43 and a two-hundred day moving average price of $7.61. The company has a market cap of $17.22 million, a P/E ratio of -0.44 and a beta of 0.74. Energous has a 1-year low of $3.62 and a 1-year high of $18.36.

Institutional Trading of Energous

An institutional investor recently bought a new position in Energous stock. Flagship Harbor Advisors LLC acquired a new stake in Energous Corporation (NASDAQ:WATT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,253 shares of the industrial products company’s stock, valued at approximately $87,000. Flagship Harbor Advisors LLC owned about 0.62% of Energous as of its most recent filing with the SEC. Institutional investors own 4.35% of the company’s stock.

Energous Company Profile

Energous Corporation develops and commercializes radio frequency (RF)–based wireless charging technology designed to deliver power over the air to compatible devices. Its WattUp platform includes near‐field and far‐field transmitters that emit targeted RF energy and receiver modules that convert that energy into electrical power. The company’s solutions aim to eliminate the need for cables and charging pads by enabling contactless power delivery to a range of products, from wearables and IoT sensors to medical devices and consumer electronics.