244K shares changed hands in the last trading session. Overall, volume was up 167.47% over the stocks normal daily volume.
Traders are more bearish on shares of the company recently as shown by the motion in short interest. The stock saw a rise in short interest from September 29, 2017 to October 13, 2017 of 1.38%. Short shares increased from 2,289,192 to 2,320,823 over that period. The days to cover increased to 34.0 and the percentage of shorted shares is 0.11% as of October 13.
These firms have modified their investment in AMSC. Barclays PLC bolstered its investment by buying 5,689 shares an increase of 1,829.3% in the quarter. Barclays PLC now controls 6,000 shares with a value of $27,000. The total value of its holdings increased 2,600.0%. Wolverine Asset Management LLC downsized its ownership by selling 28,429 shares a decrease of 13.5% from 06/30/2017 to 09/30/2017. Wolverine Asset Management LLC now holds 181,994 shares worth $826,000. The value of the position overall is down by 15.0%.
Millennium Management LLC grew its holdings by buying 39,897 shares an increase of 25.6%. Millennium Management LLC currently owns 195,516 shares valued at $888,000. The total value of its holdings increased 23.5%. Renaissance Technologies LLC augmented its stake by buying 68,100 shares an increase of 14.0% as of 09/30/2017. Renaissance Technologies LLC controls 554,288 shares worth $2,516,000. The total value of its holdings increased 12.0%.
On September 27 FBR & Co kept the company rating at “Hold” with a current price target of $6.00. August 9 investment analysts at Cowen and Company made no change to the company rating of “Buy” projecting a price of $6.00.
In the market the company is trading up since yesterday’s close of 3.31. The company’s P/E ratio is N/A and market capitalization is 65.07M. As of the last earnings report the EPS was $-1.99 with 20.93M shares presently outstanding.
American Superconductor Corporation (AMSC), launched on April 9, 1987, is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Business’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Business’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power. AMSC supplies power electronics and control systems, licenses its engineered wind turbine designs and provides customer support services to wind turbine manufacturers. AMSC’s design portfolio includes a range of drive trains and power ratings of over two megawatts. The Company provides a range of power electronics and software-based control systems. AMSC provides transmission planning services that enable it to identify power grid congestion and other risks. The Company also sells grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems. AMSC also sells ship protection products to the United States Navy through its Grid business segment..