SES AI Co. (NYSE:SES) Short Interest Up 173.1% in January

SES AI Co. (NYSE:SES) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 17,700,000 shares, a growth of 173.1% from the December 31st total of 6,480,000 shares. Based on an average daily volume of 12,410,000 shares, the short-interest ratio is presently 1.4 days. Currently, 9.9% of the shares of the company are short sold.

Insider Buying and Selling at SES AI

In other news, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the completion of the sale, the insider now owns 9,843,622 shares of the company’s stock, valued at approximately $1,968,724.40. This represents a 57.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jing Nealis sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $1.02, for a total transaction of $51,000.00. Following the sale, the chief financial officer now directly owns 1,935,322 shares of the company’s stock, valued at approximately $1,974,028.44. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,532,000 shares of company stock valued at $2,870,400 in the last quarter. Company insiders own 15.07% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SES. Optas LLC purchased a new position in SES AI during the fourth quarter worth about $27,000. LexAurum Advisors LLC purchased a new position in SES AI during the fourth quarter worth about $55,000. Abel Hall LLC purchased a new position in SES AI during the fourth quarter worth about $57,000. Savant Capital LLC purchased a new position in SES AI during the fourth quarter worth about $66,000. Finally, SG Americas Securities LLC raised its position in SES AI by 91.6% in the third quarter. SG Americas Securities LLC now owns 66,573 shares of the company’s stock worth $43,000 after acquiring an additional 31,832 shares during the period. 29.78% of the stock is owned by institutional investors.

SES AI Trading Down 2.4 %

NYSE:SES traded down $0.03 on Wednesday, hitting $1.07. The company had a trading volume of 13,149,552 shares, compared to its average volume of 44,707,289. SES AI has a 52 week low of $0.20 and a 52 week high of $2.53. The firm has a 50 day moving average of $0.92 and a two-hundred day moving average of $0.85. The stock has a market capitalization of $387.26 million, a price-to-earnings ratio of -4.67 and a beta of 0.37.

SES AI (NYSE:SES) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). During the same period in the prior year, the business posted ($0.04) EPS. As a group, equities analysts forecast that SES AI will post -0.23 EPS for the current year.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.