Applied Energetics, Inc. (OTCMKTS:AERG) Short Interest Up 6.7% in March

Applied Energetics, Inc. (OTCMKTS:AERG) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 607,300 shares, an increase of 6.7% from the March 15th total of 569,000 shares. Based on an average daily trading volume, of 176,600 shares, the days-to-cover ratio is presently 3.4 days.

Applied Energetics Stock Down 4.5 %

Shares of AERG opened at $1.81 on Thursday. The company’s fifty day moving average is $1.93 and its 200-day moving average is $2.06. Applied Energetics has a 12 month low of $1.68 and a 12 month high of $3.04. The firm has a market cap of $382.56 million, a price-to-earnings ratio of -60.33 and a beta of 0.43.

Applied Energetics Company Profile

Applied Energetics, Inc engages in the provision of advanced optical technologies and ultrashort pulse directed energy solutions utilizing dual-use laser and optical technologies to defense, national security, industrial, biomedical, and scientific customers worldwide. It develops and holds various intellectual property rights such as laser guided energy and laser induced plasma channel technology for used in high-tech directed energy systems.