ESS Tech, Inc. (NYSE:GWH – Get Free Report) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 9,560,000 shares, a growth of 7.4% from the October 15th total of 8,900,000 shares. Based on an average daily volume of 1,490,000 shares, the short-interest ratio is currently 6.4 days. Approximately 26.2% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
Separately, Loop Capital decreased their target price on shares of ESS Tech from $9.00 to $3.50 in a research report on Wednesday, September 27th.
Institutional Inflows and Outflows
ESS Tech Stock Performance
Shares of NYSE:GWH remained flat at $1.20 during midday trading on Friday. The stock had a trading volume of 822,650 shares, compared to its average volume of 1,236,410. The company has a market capitalization of $186.71 million, a PE ratio of -2.14 and a beta of 1.91. ESS Tech has a fifty-two week low of $0.75 and a fifty-two week high of $4.02. The firm has a fifty day simple moving average of $1.53 and a 200 day simple moving average of $1.47.
About ESS Tech
ESS Tech, Inc, an energy storage company, designs and produces iron flow batteries for commercial and utility-scale energy storage applications worldwide. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; and Energy Center, a front-of-the-meter solution. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.
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