ASP Isotopes Inc. (NASDAQ:ASPI) Short Interest Up 23.0% in July (2024)

ASP Isotopes Inc. (NASDAQ:ASPI – Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 6,730,000 shares, an increase of 23.0% from the July 15th total of 5,470,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the short-interest ratio is currently 6.0 days. Currently, 19.1% of the shares of the company are short sold.

ASP Isotopes Stock Performance

NASDAQ ASPI traded down $0.10 on Friday, hitting $2.11. 523,108 shares of the stock traded hands, compared to its average volume of 806,304. The business’s fifty day moving average is $3.00 and its two-hundred day moving average is $3.51. ASP Isotopes has a 12 month low of $0.84 and a 12 month high of $5.67. The firm has a market capitalization of $109.22 million, a price-to-earnings ratio of -3.98 and a beta of 5.16. The company has a debt-to-equity ratio of 1.70, a quick ratio of 3.57 and a current ratio of 3.57.

ASP Isotopes (NASDAQ:ASPI – Get Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $0.84 million during the quarter. As a group, equities analysts anticipate that ASP Isotopes will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright dropped their price target on ASP Isotopes from $5.50 to $4.50 and set a “buy” rating on the stock in a research note on Wednesday, August 7th.

Check Out Our Latest Report on ASP Isotopes

Insider Activity

In related news, major shareholder Ak Jensen Investment Managemen acquired 70,000 shares of the company’s stock in a transaction on Monday, July 8th. The stock was purchased at an average cost of $3.05 per share, with a total value of $213,500.00. Following the acquisition, the insider now directly owns 6,586,874 shares of the company’s stock, valued at $20,089,965.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 26.30% of the company’s stock.

Institutional Trading of ASP Isotopes

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in ASP Isotopes by 479.1% in the 1st quarter. Vanguard Group Inc. now owns 1,021,019 shares of the company’s stock worth $4,217,000 after purchasing an additional 844,705 shares during the period. Marshall Wace LLP lifted its stake in ASP Isotopes by 389.6% in the 2nd quarter. Marshall Wace LLP now owns 545,072 shares of the company’s stock worth $1,668,000 after purchasing an additional 433,734 shares in the last quarter. Rathbones Group PLC raised its position in shares of ASP Isotopes by 27.5% during the 2nd quarter. Rathbones Group PLC now owns 195,915 shares of the company’s stock valued at $600,000 after buying an additional 42,243 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of ASP Isotopes by 5.7% during the 2nd quarter. Renaissance Technologies LLC now owns 171,800 shares of the company’s stock valued at $526,000 after buying an additional 9,200 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in ASP Isotopes in the 2nd quarter worth about $381,000. 16.80% of the stock is owned by institutional investors.

About ASP Isotopes

(Get Free Report)

ASP Isotopes Inc, a development stage advanced materials company, focuses on the production, distribution, marketing, and sale of isotopes. It engages in the production and commercialization of Molybdenum-100, a non-radioactive isotope for the medical industry; Carbon-14; and Silicon-28. The company is also developing Quantum Enrichment technology to produce Ytterbium-176, Nickel-64, Lithium 6, Lithium7, and Uranium-235.

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