Short Interest in Aspen Aerogels, Inc. (NYSE:ASPN) Increases By 9.4%

by · The Markets Daily

Aspen Aerogels, Inc. (NYSE:ASPN – Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 9,820,000 shares, an increase of 9.4% from the December 15th total of 8,980,000 shares. Based on an average daily volume of 2,470,000 shares, the short-interest ratio is presently 4.0 days.

Analysts Set New Price Targets

Several research firms have issued reports on ASPN. Barclays dropped their price target on Aspen Aerogels from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Canaccord Genuity Group reduced their price target on Aspen Aerogels from $28.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a research note on Wednesday, November 13th. HC Wainwright reissued a “buy” rating and issued a $30.00 price objective on shares of Aspen Aerogels in a research report on Wednesday, October 16th. Finally, Piper Sandler decreased their target price on shares of Aspen Aerogels from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.11.

Check Out Our Latest Research Report on Aspen Aerogels

Aspen Aerogels Stock Performance

Aspen Aerogels stock traded up $0.17 during midday trading on Monday, reaching $12.73. 1,371,812 shares of the company’s stock were exchanged, compared to its average volume of 1,388,320. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93. The stock’s 50-day simple moving average is $13.47 and its 200 day simple moving average is $20.18. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 1,273.77 and a beta of 2.14. Aspen Aerogels has a 52 week low of $10.75 and a 52 week high of $33.15.

Institutional Investors Weigh In On Aspen Aerogels

Large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in shares of Aspen Aerogels by 5.3% in the third quarter. Franklin Resources Inc. now owns 29,418 shares of the construction company’s stock valued at $815,000 after purchasing an additional 1,483 shares during the period. nVerses Capital LLC raised its holdings in Aspen Aerogels by 45.0% in the 3rd quarter. nVerses Capital LLC now owns 5,800 shares of the construction company’s stock valued at $161,000 after acquiring an additional 1,800 shares during the period. Ballentine Partners LLC lifted its position in Aspen Aerogels by 19.2% during the fourth quarter. Ballentine Partners LLC now owns 15,914 shares of the construction company’s stock worth $189,000 after acquiring an additional 2,565 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Aspen Aerogels during the second quarter worth approximately $84,000. Finally, Quent Capital LLC bought a new stake in shares of Aspen Aerogels during the third quarter worth approximately $118,000. Institutional investors own 97.64% of the company’s stock.

About Aspen Aerogels

(Get Free Report)

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.

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