Cepton, Inc. (NASDAQ:CPTNW) Sees Large Drop in Short Interest

Cepton, Inc. (NASDAQ:CPTNW) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 100 shares, a drop of 50.0% from the July 15th total of 200 shares. Based on an average daily trading volume, of 183,000 shares, the short-interest ratio is currently 0.0 days.

Cepton Stock Performance

CPTNW remained flat at $0.01 during trading hours on Tuesday. 289 shares of the company traded hands, compared to its average volume of 104,797. Cepton has a fifty-two week low of $0.01 and a fifty-two week high of $0.12. The firm has a fifty day moving average price of $0.01 and a 200-day moving average price of $0.01.

About Cepton

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Cepton Ultra, a slimmest lidar with MagnoSteer technology and proprietary ASIC chipset, enabling a combination of 300-meter range at 10% reflectivity and 0.05° resolution; Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; and Nova, an extremely-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.