Energous Co. (NASDAQ:WATT) Short Interest Update

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

Energous Stock Performance

NASDAQ WATT opened at $0.45 on Friday. Energous has a one year low of $0.28 and a one year high of $2.75. The company’s 50 day moving average price is $0.56 and its 200 day moving average price is $0.66.

Energous (NASDAQ:WATT) last posted its earnings results on Tuesday, November 12th. The industrial products company reported ($0.50) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $0.23 million for the quarter. Equities analysts anticipate 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.