Short Interest in Aeluma, Inc. (NASDAQ:ALMU) Rises By 31.2%

Aeluma, Inc. (NASDAQ:ALMU) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,995,130 shares, a growth of 31.2% from the January 15th total of 1,520,223 shares. Based on an average trading volume of 438,036 shares, the short-interest ratio is presently 4.6 days. Approximately 13.1% of the shares of the company are short sold. Approximately 13.1% of the shares of the company are short sold. Based on an average trading volume of 438,036 shares, the short-interest ratio is presently 4.6 days.

Analyst Ratings Changes

Several research firms have recently weighed in on ALMU. Weiss Ratings reissued a “sell (d-)” rating on shares of Aeluma in a research report on Wednesday, January 21st. Benchmark reiterated a “buy” rating and set a $25.00 target price on shares of Aeluma in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Aeluma from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Aeluma currently has a consensus rating of “Hold” and an average price target of $25.50.

Insider Activity

In related news, major shareholder Mark N. Tompkins sold 34,500 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $14.71, for a total transaction of $507,495.00. Following the completion of the sale, the insider owned 1,790,488 shares in the company, valued at $26,338,078.48. This represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 484,500 shares of company stock valued at $8,033,745 over the last 90 days. Company insiders own 14.70% of the company’s stock.

Hedge Funds Weigh In On Aeluma

A number of hedge funds have recently made changes to their positions in ALMU. Caitong International Asset Management Co. Ltd bought a new position in shares of Aeluma during the 4th quarter worth about $27,000. Quantbot Technologies LP acquired a new position in Aeluma in the third quarter worth about $29,000. BNP Paribas Financial Markets lifted its stake in Aeluma by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock worth $31,000 after purchasing an additional 855 shares during the period. Osaic Holdings Inc. bought a new position in Aeluma during the second quarter worth about $32,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in Aeluma during the second quarter valued at approximately $32,000.

Aeluma Trading Down 6.2%

Shares of ALMU stock opened at $14.43 on Monday. Aeluma has a 12 month low of $5.69 and a 12 month high of $25.88. The company has a market capitalization of $260.46 million and a P/E ratio of -103.06. The stock has a 50 day moving average of $17.49 and a two-hundred day moving average of $17.26.

Aeluma Company Profile

Aeluma, Inc develops optoelectronic and electronic devices in the United States. The company manufactures semiconductor materials and chips using compound semiconductors on diameter substrates that are used to manufacture mass market microelectronics. It offers its devices for use in mobile, automotive, AI, defence and aerospace, communication, AR/VR, and HPC applications, as well as laser emitters, transistors for integrated circuits, quantum photonic circuits, and solar cells applications. Aeluma, Inc was formerly known as Parc Investments, Inc and changed its name to Aeluma, Inc June 2021.