Capstone Turbine Sees Significant Growth in Short Interest (CPST)
Capstone Turbine (NASDAQ:CPST) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 46,897,990 shares, an increase of 3.5% from the March 31st total of 45,324,169 shares, AR Network reports. Based on an average trading volume of 5,058,983 shares, the days-to-cover ratio is currently 9.3 days. Approximately 15.3% of the company’s shares are sold short.
Several analysts have recently commented on the stock. Analysts at Capstone raised their price target on shares of Capstone Turbine from $1.90 to $2.70 in a research note on Tuesday, March 11th. Separately, analysts at FBR Capital Markets upgraded shares of Capstone Turbine from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $2.10.
Shares of Capstone Turbine (NASDAQ:CPST) opened at 2.06 on Thursday. Capstone Turbine has a one year low of $0.82 and a one year high of $2.60. The stock’s 50-day moving average is $2.1 and its 200-day moving average is $1.62. The company’s market cap is $638.9 million.
Capstone Turbine (NASDAQ:CPST) last issued its quarterly earnings data on Monday, February 10th. The company reported ($0.01) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.01). Analysts expect that Capstone Turbine will post $-0.05 EPS for the current fiscal year.
Capstone Turbine Corporation (NASDAQ:CPST) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power (CHP), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP)), renewable energy, natural resources and critical power supply.
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