Energous Co. (NASDAQ:WATT) Short Interest Up 295.7% in December

Energous Co. (NASDAQ:WATT) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 3,780,000 shares, a growth of 295.7% from the December 15th total of 955,200 shares. Based on an average trading volume of 5,640,000 shares, the short-interest ratio is currently 0.7 days. Approximately 19.5% of the shares of the stock are sold short.

Energous Price Performance

Shares of NASDAQ:WATT opened at $0.58 on Wednesday. The stock has a market cap of $5.87 million, a price-to-earnings ratio of -0.19 and a beta of 2.36. Energous has a 12 month low of $0.28 and a 12 month high of $2.75. The stock’s 50 day moving average price is $0.57 and its 200 day moving average price is $0.70.

Energous (NASDAQ:WATT) last posted its quarterly earnings data on Tuesday, November 12th. The industrial products company reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.24. Energous had a negative return on equity of 317.56% and a negative net margin of 4,368.98%. The company had revenue of $0.23 million for the quarter.

Institutional Investors Weigh In On Energous

An institutional investor recently raised its position in Energous stock. Armistice Capital LLC lifted its holdings in Energous Co. (NASDAQ:WATT) by 44.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 408,000 shares of the industrial products company’s stock after purchasing an additional 126,409 shares during the period. Armistice Capital LLC owned about 6.24% of Energous worth $445,000 at the end of the most recent reporting period. 4.35% of the stock is owned by institutional investors and hedge funds.

About Energous

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.