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

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

Energous Price Performance

NASDAQ WATT traded down $0.00 during trading on Thursday, reaching $0.46. 416,521 shares of the company’s stock traded hands, compared to its average volume of 5,306,159. Energous has a 12-month low of $0.28 and a 12-month high of $2.75. The firm has a market cap of $4.63 million, a price-to-earnings ratio of -0.15 and a beta of 2.36. The company’s 50 day simple moving average is $0.56 and its two-hundred day simple moving average is $0.66.

Energous (NASDAQ:WATT) last issued 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. The company had revenue of $0.23 million during the quarter. Energous had a negative net margin of 4,368.98% and a negative return on equity of 317.56%. Research analysts expect that Energous will post -3.01 earnings per share for the current fiscal year.

Energous Company Profile

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.