Stem, Inc. (NYSE:STEM) Short Interest Up 24.7% in April

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Stem, Inc. (NYSE:STEM) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 4,640,000 shares, a growth of 24.7% from the March 31st total of 3,720,000 shares. Approximately 13.0% of the company’s stock are short sold. Based on an average daily trading volume, of 3,790,000 shares, the days-to-cover ratio is currently 1.2 days.

Several institutional investors have recently added to or reduced their stakes in the company. Baldwin Brothers Inc. MA acquired a new stake in Stem in the 1st quarter valued at about $27,000. WASHINGTON TRUST Co acquired a new stake in shares of Stem in the first quarter valued at approximately $40,000. Arkadios Wealth Advisors bought a new position in shares of Stem during the 1st quarter worth approximately $93,000. Penserra Capital Management LLC acquired a new position in shares of Stem during the 4th quarter worth approximately $192,000. Finally, International Assets Investment Management LLC bought a new stake in Stem in the 1st quarter valued at $221,000.

STEM traded down $0.75 during trading on Tuesday, reaching $22.96. 4,363,218 shares of the stock were exchanged, compared to its average volume of 3,788,712. The stock’s 50 day moving average price is $26.93 and its two-hundred day moving average price is $24.19. Stem has a twelve month low of $9.60 and a twelve month high of $51.49.

About Stem

Stem, Inc provides energy storage solutions and software to businesses for managing energy costs. It offers Athena, a software that uses big data and machine learning to optimize the timing of energy use with lightning speed and surgical precision. The company also provides customer-friendly subscription model, such as automated savings, risk protection, sustainable innovation, and solar energy storage solutions.

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