Energous Co. (NASDAQ:WATT) Sees Significant Decline in Short Interest

Energous Co. (NASDAQ:WATT) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 1,290,000 shares, a drop of 65.9% from the December 31st total of 3,780,000 shares. Based on an average daily volume of 5,930,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 4.2% of the company’s stock are short sold.

Energous Stock Down 0.7 %

WATT traded down $0.00 during trading on Thursday, hitting $0.46. The company had a trading volume of 416,521 shares, compared to its average volume of 5,306,159. The company has a market capitalization of $4.63 million, a PE ratio of -0.15 and a beta of 2.36. Energous has a one year low of $0.28 and a one year high of $2.75. The firm’s 50-day moving average price is $0.56 and its 200 day moving average price is $0.66.

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

About Energous

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.