Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Update

Amprius Technologies, Inc. (NYSE:AMPX) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 3,980,000 shares, a growth of 42.7% from the January 15th total of 2,790,000 shares. Currently, 5.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,850,000 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

AMPX has been the subject of several recent research reports. HC Wainwright reiterated a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research report on Monday, November 11th. Cantor Fitzgerald assumed coverage on shares of Amprius Technologies in a research report on Tuesday, January 21st. They issued an “overweight” rating and a $10.00 price objective on the stock. Finally, Northland Securities upped their price objective on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Amprius Technologies has an average rating of “Buy” and an average price target of $9.29.

Amprius Technologies Stock Down 1.0 %

Shares of NYSE AMPX opened at $3.39 on Friday. The firm has a market cap of $358.27 million, a P/E ratio of -7.60 and a beta of 2.45. Amprius Technologies has a twelve month low of $0.61 and a twelve month high of $4.20. The company has a 50 day moving average of $2.86 and a 200 day moving average of $1.87.

Insider Buying and Selling

In other Amprius Technologies news, insider Jonathan Bornstein sold 18,170 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $35,613.20. Following the completion of the sale, the insider now directly owns 454,131 shares of the company’s stock, valued at $890,096.76. The trade was a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sandra Wallach sold 17,158 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $33,629.68. Following the sale, the chief financial officer now owns 696,142 shares of the company’s stock, valued at approximately $1,364,438.32. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,903 shares of company stock worth $86,050 in the last quarter. 12.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMPX. Rhumbline Advisers lifted its position in Amprius Technologies by 49.4% during the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company’s stock valued at $27,000 after purchasing an additional 3,222 shares during the period. JPMorgan Chase & Co. raised its stake in Amprius Technologies by 343.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after buying an additional 20,939 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Amprius Technologies during the 4th quarter valued at $30,000. B. Riley Wealth Advisors Inc. increased its position in Amprius Technologies by 29.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company’s stock valued at $31,000 after acquiring an additional 6,700 shares during the last quarter. Finally, O Dell Group LLC bought a new position in Amprius Technologies in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 5.04% of the company’s stock.

About Amprius Technologies

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.