SES AI Co. (NYSE:SES) Short Interest Up 20.9% in March

SES AI Co. (NYSE:SES) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 19,840,000 shares, an increase of 20.9% from the February 28th total of 16,410,000 shares. Based on an average daily trading volume, of 34,290,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 9.1% of the company’s shares are short sold.

Insider Transactions at SES AI

In related news, insider Kyle Pilkington sold 44,051 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $51,539.67. Following the completion of the transaction, the insider now owns 496,580 shares in the company, valued at approximately $580,998.60. The trade was a 8.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jing Nealis sold 50,000 shares of SES AI stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $1.02, for a total transaction of $51,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,935,322 shares in the company, valued at approximately $1,974,028.44. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 397,471 shares of company stock worth $457,541 in the last quarter. 15.07% of the stock is owned by company insiders.

Institutional Trading of SES AI

Institutional investors have recently added to or reduced their stakes in the company. Savant Capital LLC bought a new stake in SES AI in the 4th quarter valued at about $66,000. Geode Capital Management LLC grew its stake in SES AI by 2.8% during the third quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company’s stock worth $1,980,000 after buying an additional 83,607 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of SES AI by 204.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company’s stock valued at $117,000 after buying an additional 122,803 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in SES AI during the fourth quarter valued at approximately $254,000. Finally, Barclays PLC boosted its stake in SES AI by 281.1% in the third quarter. Barclays PLC now owns 171,860 shares of the company’s stock valued at $109,000 after buying an additional 126,763 shares in the last quarter. 29.78% of the stock is currently owned by institutional investors.

SES AI Price Performance

Shares of NYSE:SES opened at $0.54 on Thursday. The company’s 50-day moving average price is $0.81 and its two-hundred day moving average price is $0.76. SES AI has a one year low of $0.20 and a one year high of $2.53. The stock has a market capitalization of $195.09 million, a PE ratio of -2.34 and a beta of 0.40.

SES AI (NYSE:SES) last posted its earnings results on Tuesday, February 25th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The company had revenue of $2.04 million during the quarter. On average, analysts anticipate that SES AI will post -0.23 earnings per share for the current fiscal year.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.