Short Interest in Aspen Aerogels, Inc. (NYSE:ASPN) Decreases By 13.0%

Aspen Aerogels, Inc. (NYSE:ASPN) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 7,597,323 shares, a decrease of 13.0% from the January 15th total of 8,730,143 shares. Based on an average daily trading volume, of 1,562,950 shares, the short-interest ratio is currently 4.9 days. Currently, 9.5% of the company’s stock are short sold. Currently, 9.5% of the company’s stock are short sold. Based on an average daily trading volume, of 1,562,950 shares, the short-interest ratio is currently 4.9 days.

Aspen Aerogels Stock Performance

Shares of NYSE ASPN opened at $3.48 on Thursday. The company has a current ratio of 3.94, a quick ratio of 3.33 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $287.21 million, a P/E ratio of -0.93 and a beta of 2.99. Aspen Aerogels has a 12 month low of $2.80 and a 12 month high of $9.78. The stock has a 50 day moving average of $3.29 and a 200-day moving average of $5.24.

Analysts Set New Price Targets

Several analysts recently issued reports on ASPN shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aspen Aerogels in a report on Monday, December 29th. Zacks Research raised Aspen Aerogels from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 15th. Canaccord Genuity Group dropped their price objective on Aspen Aerogels from $10.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Barclays cut their price objective on Aspen Aerogels from $6.00 to $4.00 and set an “underweight” rating for the company in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.67.

Institutional Trading of Aspen Aerogels

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its holdings in Aspen Aerogels by 1,094.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,791 shares of the construction company’s stock valued at $28,000 after acquiring an additional 4,390 shares during the period. Balance Wealth LLC acquired a new position in shares of Aspen Aerogels in the fourth quarter valued at approximately $29,000. Drive Wealth Management LLC bought a new position in shares of Aspen Aerogels during the fourth quarter worth approximately $30,000. Jefferson Bridge Capital LLC acquired a new stake in Aspen Aerogels during the 4th quarter worth approximately $32,000. Finally, SBI Securities Co. Ltd. boosted its stake in Aspen Aerogels by 67.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 6,343 shares of the construction company’s stock valued at $38,000 after purchasing an additional 2,551 shares during the period. Institutional investors own 97.64% of the company’s stock.

About Aspen Aerogels

Aspen Aerogels, Inc, headquartered in Northborough, Massachusetts, develops and manufactures high-performance aerogel insulation materials and custom engineered solutions. Founded in 2001 as a spin-out from Department of Energy research, the company pursued an initial public offering on the NYSE in 2014 under the ticker ASPN. Aspen Aerogels combines proprietary aerogel formulations with advanced manufacturing processes to deliver products known for their low thermal conductivity, lightweight construction and robust mechanical properties.

The company’s product portfolio spans blanket insulation, boards, and custom shapes built around several proprietary brands, including Pyrogel, Cryogel and Spaceloft.