Beam Global (NASDAQ:BEEM) Short Interest Up 14.2% in December

Beam Global (NASDAQ:BEEM) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 1,210,000 shares, an increase of 14.2% from the December 15th total of 1,060,000 shares. Based on an average daily volume of 217,300 shares, the short-interest ratio is presently 5.6 days.

Beam Global Stock Performance

BEEM stock opened at $3.03 on Monday. The stock’s 50 day simple moving average is $3.43 and its 200 day simple moving average is $4.64. The company has a market cap of $44.75 million, a P/E ratio of -3.12 and a beta of 0.84. Beam Global has a fifty-two week low of $2.62 and a fifty-two week high of $8.48.

Hedge Funds Weigh In On Beam Global

A number of institutional investors have recently modified their holdings of BEEM. Green Alpha Advisors LLC increased its holdings in Beam Global by 28.1% during the 4th quarter. Green Alpha Advisors LLC now owns 59,982 shares of the company’s stock worth $190,000 after purchasing an additional 13,162 shares in the last quarter. XTX Topco Ltd boosted its position in shares of Beam Global by 96.3% during the third quarter. XTX Topco Ltd now owns 20,332 shares of the company’s stock valued at $100,000 after buying an additional 9,975 shares during the last quarter. Calton & Associates Inc. bought a new stake in Beam Global during the third quarter worth $93,000. Virtue Capital Management LLC purchased a new stake in Beam Global in the 3rd quarter valued at $49,000. Finally, Capital Performance Advisors LLP bought a new position in Beam Global during the 3rd quarter valued at $25,000. 26.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on BEEM. Needham & Company LLC reiterated a “hold” rating on shares of Beam Global in a report on Monday, November 18th. HC Wainwright dropped their target price on shares of Beam Global from $30.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, November 19th.

Beam Global Company Profile

Beam Global, a clean-technology innovation company, engages in the design, development, engineering, manufacture, and sale of renewably energized infrastructure products and battery solutions. Its product portfolio includes EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a mounting asset and a source of power for factory installed electric vehicle charging stations; Solar Tree DCFC, an off-grid, renewably energized, and single-column mounted smart generation and energy storage system to provide a 150kW DC fast charge to one or more electric vehicles, such as electric buses, heavy-duty vehicles, agricultural equipment, public transportation, and electric vehicles used in the construction industry; and EV ARC DCFC, a DC fast charging system for charging EVs.