Aeluma, Inc. (NASDAQ:ALMU) Short Interest Update

Aeluma, Inc. (NASDAQ:ALMU) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 1,520,223 shares, a decrease of 12.3% from the December 31st total of 1,733,778 shares. Approximately 10.0% of the company’s shares are short sold. Based on an average trading volume of 433,461 shares, the short-interest ratio is presently 3.5 days. Based on an average trading volume of 433,461 shares, the short-interest ratio is presently 3.5 days. Approximately 10.0% of the company’s shares are short sold.

Insider Buying and Selling

In other news, major shareholder Mark N. Tompkins sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $18.82, for a total transaction of $846,900.00. Following the transaction, the insider directly owned 1,949,988 shares of the company’s stock, valued at approximately $36,698,774.16. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 450,000 shares of company stock valued at $7,526,250. 14.70% of the stock is owned by corporate insiders.

Institutional Trading of Aeluma

Hedge funds have recently modified their holdings of the stock. Atria Wealth Solutions Inc. raised its position in shares of Aeluma by 3.1% in the second quarter. Atria Wealth Solutions Inc. now owns 16,771 shares of the company’s stock worth $275,000 after acquiring an additional 500 shares during the period. BNP Paribas Financial Markets raised its holdings in Aeluma by 79.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock worth $31,000 after purchasing an additional 855 shares during the period. Quantbot Technologies LP purchased a new position in Aeluma during the third quarter worth approximately $29,000. Osaic Holdings Inc. purchased a new position in Aeluma during the second quarter worth approximately $32,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in Aeluma in the second quarter valued at approximately $32,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ALMU. Benchmark reaffirmed a “buy” rating and set a $25.00 target price on shares of Aeluma in a research 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 reiterated a “sell (d-)” rating on shares of Aeluma in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.50.

Aeluma Trading Down 7.2%

Shares of ALMU opened at $14.76 on Thursday. The firm has a market cap of $263.61 million and a PE ratio of -54.67. Aeluma has a 12 month low of $5.69 and a 12 month high of $25.88. The stock has a fifty day moving average price of $17.40 and a 200-day moving average price of $17.58.

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

Aeluma Company Profile

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.