ASP Isotopes Inc. (NASDAQ:ASPI) Sees Significant Growth in Short Interest

ASP Isotopes Inc. (NASDAQ:ASPI) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 722,000 shares, an increase of 52.1% from the March 31st total of 474,600 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average trading volume of 638,000 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright raised their price objective on ASP Isotopes from $5.25 to $5.50 and gave the stock a “buy” rating in a research report on Wednesday, April 17th.

ASP Isotopes Stock Up 1.8 %

Shares of NASDAQ:ASPI traded up $0.06 during mid-day trading on Friday, reaching $3.44. 719,042 shares of the company were exchanged, compared to its average volume of 764,084. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.85 and a current ratio of 1.85. ASP Isotopes has a 1 year low of $0.28 and a 1 year high of $4.97. The firm’s 50-day simple moving average is $3.71 and its 200 day simple moving average is $2.48.

ASP Isotopes (NASDAQ:ASPI) last posted its earnings results on Wednesday, April 10th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $0.43 million during the quarter. On average, equities analysts anticipate that ASP Isotopes will post -0.11 earnings per share for the current fiscal year.

Insider Activity at ASP Isotopes

In related news, Director Robert John Andrew Ryan bought 15,596 shares of the company’s stock in a transaction on Monday, January 29th. The stock was bought at an average cost of $2.35 per share, for a total transaction of $36,650.60. Following the acquisition, the director now directly owns 537,055 shares in the company, valued at $1,262,079.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 26.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ASP Isotopes stock. HTLF Bank purchased a new stake in ASP Isotopes Inc. (NASDAQ:ASPI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 78,538 shares of the company’s stock, valued at approximately $141,000. HTLF Bank owned 0.16% of ASP Isotopes as of its most recent SEC filing. 16.80% of the stock is currently owned by institutional investors and hedge funds.

About ASP Isotopes

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.