Energous Co. (NASDAQ:WATT) Short Interest Update

Energous Co. (NASDAQ:WATT) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 1,290,000 shares, a drop of 65.9% from the December 31st total of 3,780,000 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average trading volume of 5,930,000 shares, the days-to-cover ratio is currently 0.2 days.

Energous Stock Performance

Shares of NASDAQ WATT traded up $0.02 during midday trading on Friday, reaching $0.47. 1,500,931 shares of the company’s stock were exchanged, compared to its average volume of 5,020,957. Energous has a 52-week low of $0.28 and a 52-week high of $2.75. The business’s fifty day moving average price is $0.56 and its two-hundred day moving average price is $0.66. The stock has a market capitalization of $4.76 million, a PE ratio of -0.15 and a beta of 2.36.

Energous (NASDAQ:WATT) last issued its quarterly earnings results on Tuesday, November 12th. The industrial products company reported ($0.50) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.24. Energous had a negative net margin of 4,368.98% and a negative return on equity of 317.56%. The business had revenue of $0.23 million during the quarter. Analysts predict that Energous will post -3.01 earnings per share for the current fiscal year.

Energous Company Profile

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.