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American Superconductor Corp. (NASDAQ:AMSC) saw a large drop in short interest in the month of May. As of May 30th, there was short interest totalling 5,843,075 shares, a drop of 16.5% from the May 15th total of 6,998,747 shares, ARN reports. Currently, 11.0% of the company’s stock are short sold. Based on an average daily volume of 535,071 shares, the days-to-cover ratio is presently 10.9 days.

American Superconductor Corp. (NASDAQ:AMSC) opened at 1.57 on Wednesday. American Superconductor Corp. has a 52-week low of $1.25 and a 52-week high of $3.06. The stock’s 50-day moving average is $1.38 and its 200-day moving average is $1.59. The company’s market cap is $124.7 million.

American Superconductor Corp. (NASDAQ:AMSC) last announced its earnings results on Thursday, June 5th. The company reported ($0.14) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.17) by $0.03. The company had revenue of $16.30 million for the quarter, compared to the consensus estimate of $16.25 million. During the same quarter last year, the company posted ($0.21) earnings per share. American Superconductor Corp.’s revenue was down 20.1% compared to the same quarter last year. On average, analysts predict that American Superconductor Corp. will post $-0.49 earnings per share for the current fiscal year.

American Superconductor Corporation manufactures high temperature superconductor wire from metal precursors.

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