Short Interest in Energous Corporation (NASDAQ:WATT) Expands By 52.9%

Energous Corporation (NASDAQ:WATT) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 276,298 shares, a growth of 52.9% from the January 29th total of 180,673 shares. Based on an average daily volume of 358,939 shares, the days-to-cover ratio is currently 0.8 days. Currently, 12.7% of the shares of the company are short sold. Currently, 12.7% of the shares of the company are short sold. Based on an average daily volume of 358,939 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Energous

Institutional investors and hedge funds have recently bought and sold shares of the stock. Armistice Capital LLC purchased a new stake in Energous in the third quarter worth about $1,202,000. Flagship Harbor Advisors LLC grew its stake in shares of Energous by 82.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 20,503 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 9,250 shares during the period. Finally, Geode Capital Management LLC raised its stake in Energous by 85.4% during the 4th quarter. Geode Capital Management LLC now owns 18,713 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 8,619 shares during the period. 4.35% of the stock is currently owned by hedge funds and other institutional investors.

Energous Trading Down 3.9%

Shares of NASDAQ WATT opened at $11.82 on Friday. Energous has a 12-month low of $3.62 and a 12-month high of $18.36. The firm has a market capitalization of $25.77 million, a price-to-earnings ratio of -0.65 and a beta of 0.95. The firm has a 50 day moving average of $7.41 and a 200 day moving average of $7.34.

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.