Short Interest in American Superconductor Co. (NASDAQ:AMSC) Expands By 13.1%

American Superconductor Co. (NASDAQ:AMSC) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 2,160,000 shares, a growth of 13.1% from the March 31st total of 1,910,000 shares. Based on an average daily trading volume, of 979,300 shares, the short-interest ratio is presently 2.2 days.

American Superconductor Stock Down 1.3 %

NASDAQ AMSC opened at $12.35 on Wednesday. American Superconductor has a 12 month low of $3.63 and a 12 month high of $17.37. The company has a 50-day moving average of $13.09 and a 200-day moving average of $11.01.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm raised their price target on American Superconductor from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, January 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMSC. Psagot Value Holdings Ltd. Israel acquired a new position in shares of American Superconductor during the 4th quarter valued at about $33,000. AJOVista LLC acquired a new stake in American Superconductor during the 4th quarter worth approximately $69,000. Citigroup Inc. acquired a new stake in American Superconductor in the third quarter valued at approximately $92,000. GPS Wealth Strategies Group LLC acquired a new stake in American Superconductor in the third quarter valued at approximately $132,000. Finally, Atria Wealth Solutions Inc. grew its position in American Superconductor by 18.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 14,469 shares of the technology company’s stock valued at $161,000 after acquiring an additional 2,294 shares in the last quarter. Institutional investors and hedge funds own 52.28% of the company’s stock.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services.