November 21, 2016 - By Dolores Ford · 0 Comments
The stock of Energous Corporation (NASDAQ:WATT) registered an increase of 29.5% in short interest. WATT’s total short interest was 3.55 million shares in November as published by FINRA. Its up 29.5% from 2.74M shares, reported previously. With 2.00M shares average volume, it will take short sellers 2 days to cover their WATT’s short positions. The short interest to Energous Corporation’s float is 24.58%. About 15,075 shares traded hands. Energous Corp (NASDAQ:WATT) has risen 34.34% since April 19, 2016 and is uptrending. It has outperformed by 30.48% the S&P500.
Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware creates and antennas that can enable radio frequency wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control. The company has a market cap of $288.89 million. The Company’s business model is to supply silicon components with reference creates and license its WattUp technology to device and chip manufacturers, wireless service providers and other commercial partners to make wire-free charging an option for end users. It currently has negative earnings.
Insitutional Activity: The institutional sentiment decreased to 2.05 in 2016 Q2. Its down 1.66, from 3.71 in 2016Q1. The ratio fall, as 10 funds sold all Energous Corp shares owned while 4 reduced positions. 30 funds bought stakes while 22 increased positions. They now own 8.85 million shares or 92.55% more from 4.59 million shares in 2016Q1.
Morgan Stanley accumulated 0% or 25,395 shares. Kcg Inc holds 0.01% of its portfolio in Energous Corp (NASDAQ:WATT) for 44,145 shares. Tiaa Cref Inv Management Ltd Liability Company, a New York-based fund reported 49,208 shares. The California-based Doheny Asset Ca has invested 3.17% in Energous Corp (NASDAQ:WATT). Geode Mgmt holds 0% or 89,546 shares in its portfolio. Jane Street Gru Limited Liability Corporation holds 0% or 22,308 shares in its portfolio. Herald Limited, a United Kingdom-based fund reported 125,000 shares. Wolverine Asset Mgmt Ltd Liability Corp reported 5,194 shares or 0% of all its holdings. Peak6 Invests L P has 6,000 shares for 0% of their US portfolio. Goldman Sachs Group has 71,315 shares for 0% of their US portfolio. Blackrock Invest Management Ltd accumulated 0% or 56,535 shares. Awm Investment Incorporated holds 644,271 shares or 1.78% of its portfolio. Blackrock Fund Advsr has 384,780 shares for 0% of their US portfolio. Raymond James And Associate accumulated 14,080 shares or 0% of the stock. Jefferies Grp Limited Liability Corp holds 0% of its portfolio in Energous Corp (NASDAQ:WATT) for 25,000 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 6 insider sales for $1.20 million net activity. Another trade for 25,000 shares valued at $264,250 was sold by Tamkin Gregory S. Gaulding John sold 814 shares worth $11,233. 4,396 shares were sold by Leabman Michael Aaron, worth $61,610 on Friday, September 30. $829,390 worth of Energous Corp (NASDAQ:WATT) was sold by Johnston Cesar. 1,853 shares were sold by Sereda Brian J, worth $25,664.
Out of 2 analysts covering Energous Corp (NASDAQ:WATT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Energous Corp has been the topic of 4 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, September 21 by Oppenheimer. Oppenheimer maintained it with “Outperform” rating and $13 target price in Saturday, August 22 report. The stock of Energous Corp (NASDAQ:WATT) earned “Buy” rating by Ladenburg Thalmann on Monday, December 7. Zacks upgraded Energous Corp (NASDAQ:WATT) on Friday, August 14 to “Hold” rating.
Energous Corporation, incorporated on October 30, 2012, is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware creates and antennas that can enable radio frequency (RF) wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control. The Company’s business model is to supply silicon components with reference creates and license its WattUp technology to device and chip manufacturers, wireless service providers and other commercial partners to make wire-free charging an option for end users. The Company’s technology can be utilized in a range of devices, including wearables, Internet of Things (IoT) devices, smartphones, tablets, e-book readers, keyboards, mice, remote controls, rechargeable lights, cylindrical batteries and any other device with similar charging requirements that would otherwise need a battery or a connection to a power outlet.
More recent Energous Corp (NASDAQ:WATT) news were published by: Seekingalpha.com which released: “Energous: An Attractive Risk-Reward Play” on November 17, 2016. Also Seekingalpha.com published the news titled: “Energous Corp – Founder & His Family Yell Sell” on October 11, 2016. Investorplace.com‘s news article titled: “WATT Is Up in Energous Corp Stock?” with publication date: September 26, 2016 was also an interesting one.
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By Dolores Ford