Ouster, Inc. (NYSE:OUST) Short Interest Down 20.0% in November

Ouster, Inc. (NYSE:OUST) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 4,800,000 shares, a decline of 20.0% from the October 31st total of 6,000,000 shares. Based on an average daily trading volume, of 1,100,000 shares, the short-interest ratio is presently 4.4 days. Approximately 10.6% of the company’s stock are sold short.

Ouster Price Performance

NYSE:OUST opened at $9.88 on Monday. The company has a market cap of $491.74 million, a P/E ratio of -3.84 and a beta of 2.34. The firm’s fifty day moving average price is $7.71 and its two-hundred day moving average price is $9.39. Ouster has a one year low of $4.65 and a one year high of $16.88.

Analyst Ratings Changes

OUST has been the subject of several recent analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $17.00 target price on shares of Ouster in a research note on Friday, November 8th. Cantor Fitzgerald raised shares of Ouster from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $12.00 to $10.00 in a research report on Monday, November 11th. Craig Hallum lowered their price objective on shares of Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Westpark Capital reiterated a “buy” rating and issued a $17.00 target price on shares of Ouster in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Ouster has an average rating of “Moderate Buy” and an average price target of $13.00.

Insider Buying and Selling at Ouster

In related news, CFO Mark Weinswig sold 31,397 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $8.72, for a total transaction of $273,781.84. Following the completion of the transaction, the chief financial officer now directly owns 198,650 shares of the company’s stock, valued at approximately $1,732,228. This represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 40,425 shares of company stock worth $329,394. Insiders own 7.81% of the company’s stock.

Institutional Trading of Ouster

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Ouster by 7.6% during the first quarter. Vanguard Group Inc. now owns 2,328,823 shares of the company’s stock worth $18,491,000 after acquiring an additional 164,360 shares during the period. SG Americas Securities LLC grew its holdings in Ouster by 783.0% in the 2nd quarter. SG Americas Securities LLC now owns 99,063 shares of the company’s stock valued at $974,000 after buying an additional 87,844 shares in the last quarter. 180 Wealth Advisors LLC increased its position in Ouster by 8.5% during the 2nd quarter. 180 Wealth Advisors LLC now owns 23,168 shares of the company’s stock worth $228,000 after buying an additional 1,823 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Ouster during the second quarter worth $1,305,000. Finally, Van ECK Associates Corp bought a new stake in shares of Ouster in the second quarter valued at about $56,000. Institutional investors own 31.45% of the company’s stock.

Ouster Company Profile

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.