Ocean Power Technologies Inc (NASDAQ:OPTT) Sees Significant Decrease in Short Interest
Ocean Power Technologies Inc (NASDAQ:OPTT) saw a significant decline in short interest in June. As of June 30th, there was short interest totalling 183,500 shares, a decline of 12.7% from the May 30th total of 210,200 shares. Currently, 19.5% of the shares of the company are short sold. Based on an average daily volume of 653,800 shares, the short-interest ratio is presently 0.3 days.
NASDAQ OPTT traded up $0.02 on Friday, hitting $2.05. 127,900 shares of the company traded hands, compared to its average volume of 613,943. The business has a 50 day simple moving average of $2.00. Ocean Power Technologies has a 52-week low of $1.76 and a 52-week high of $18.00.
Separately, ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.
Ocean Power Technologies, Inc is a renewable wave-energy technology company, which engages in the development of commercialize proprietary systems that generate electricity through ocean waves. It offers the PB3 PowerBuoy which generates electricity by harnessing the renewable energy of ocean waves. It operates through the following geographical segments: North America; Europe; and Asia and Australia.
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