Short Interest in Aeluma, Inc. (NASDAQ:ALMU) Rises By 31.2%

Aeluma, Inc. (NASDAQ:ALMU) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,995,130 shares, an increase of 31.2% from the January 15th total of 1,520,223 shares. Approximately 13.1% of the company’s stock are sold short. Based on an average daily trading volume, of 438,036 shares, the days-to-cover ratio is presently 4.6 days. Based on an average daily trading volume, of 438,036 shares, the days-to-cover ratio is presently 4.6 days. Approximately 13.1% of the company’s stock are sold short.

Insiders Place Their Bets

In other Aeluma news, major shareholder Mark N. Tompkins sold 45,000 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $18.82, for a total value of $846,900.00. Following the completion of the sale, the insider owned 1,949,988 shares in the company, valued at $36,698,774.16. This represents a 2.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 484,500 shares of company stock valued at $8,033,745. 14.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ALMU. Vanguard Group Inc. boosted its position in Aeluma by 98.1% during the third quarter. Vanguard Group Inc. now owns 438,966 shares of the company’s stock worth $7,067,000 after purchasing an additional 217,430 shares during the period. Geode Capital Management LLC lifted its stake in shares of Aeluma by 22.5% in the fourth quarter. Geode Capital Management LLC now owns 285,732 shares of the company’s stock worth $4,907,000 after buying an additional 52,565 shares during the last quarter. Apis Capital Advisors LLC boosted its holdings in shares of Aeluma by 4.8% during the 3rd quarter. Apis Capital Advisors LLC now owns 253,545 shares of the company’s stock worth $4,082,000 after buying an additional 11,545 shares during the period. State Street Corp boosted its holdings in shares of Aeluma by 34.0% during the 4th quarter. State Street Corp now owns 213,405 shares of the company’s stock worth $3,664,000 after buying an additional 54,184 shares during the period. Finally, Polar Asset Management Partners Inc. acquired a new position in Aeluma in the 3rd quarter valued at $3,398,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Aeluma in a report on Monday, December 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeluma in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded Aeluma from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.50.

Aeluma Price Performance

Aeluma stock opened at $14.43 on Monday. Aeluma has a one year low of $5.69 and a one year high of $25.88. The company’s fifty day moving average price is $17.49 and its two-hundred day moving average price is $17.26. The company has a market capitalization of $260.46 million and a price-to-earnings ratio of -103.06.

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.