Short Interest in Capstone Turbine Rises By 9.1% (CPST)
Capstone Turbine (NASDAQ:CPST) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 52,192,669 shares, a growth of 9.1% from the April 30th total of 47,830,885 shares, Stock Ratings News reports. Based on an average trading volume of 12,507,927 shares, the short-interest ratio is currently 4.2 days. Currently, 16.0% of the shares of the stock are short sold.
Separately, 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. One equities research analyst has rated the stock with a hold rating and two have assigned a buy rating to the stock. Capstone Turbine has a consensus rating of “Buy” and a consensus price target of $2.17.
Shares of Capstone Turbine (NASDAQ:CPST) opened at 1.54 on Friday. Capstone Turbine has a 52 week low of $1.07 and a 52 week high of $2.60. The stock’s 50-day moving average is $1.73 and its 200-day moving average is $1.65. The company’s market cap is $477.6 million.
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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