Aspen Aerogels Inc (NYSE:ASPN) Short Interest Update

Aspen Aerogels Inc (NYSE:ASPN) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 510,300 shares, a growth of 27.1% from the September 15th total of 401,500 shares. Based on an average daily volume of 194,600 shares, the short-interest ratio is currently 2.6 days.

ASPN has been the subject of a number of analyst reports. Northland Securities initiated coverage on shares of Aspen Aerogels in a research note on Wednesday, September 9th. They set an “outperform” rating and a $11.00 target price for the company. Canaccord Genuity reissued a “buy” rating and set a $10.00 target price on shares of Aspen Aerogels in a research note on Friday, July 31st. HC Wainwright reissued a “buy” rating and set a $10.00 target price on shares of Aspen Aerogels in a research note on Friday, July 31st. Finally, Zacks Investment Research raised shares of Aspen Aerogels from a “sell” rating to a “hold” rating in a research note on Monday, October 5th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Aspen Aerogels presently has an average rating of “Buy” and a consensus target price of $10.18.

A number of institutional investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP acquired a new position in Aspen Aerogels in the 2nd quarter valued at approximately $89,000. Nuveen Asset Management LLC acquired a new position in Aspen Aerogels in the 2nd quarter valued at approximately $607,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Aspen Aerogels during the 2nd quarter worth $332,000. Jane Street Group LLC increased its stake in shares of Aspen Aerogels by 72.7% during the 2nd quarter. Jane Street Group LLC now owns 35,075 shares of the construction company’s stock worth $231,000 after purchasing an additional 14,760 shares during the last quarter. Finally, PDT Partners LLC acquired a new position in shares of Aspen Aerogels during the 2nd quarter worth $78,000. Hedge funds and other institutional investors own 71.23% of the company’s stock.

Aspen Aerogels stock traded down $0.44 during trading hours on Friday, hitting $11.90. The company had a trading volume of 170,734 shares, compared to its average volume of 152,344. The firm has a market capitalization of $319.46 million, a P/E ratio of -25.32 and a beta of 1.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.26 and a quick ratio of 2.55. The firm’s fifty day moving average is $10.03 and its 200-day moving average is $7.43. Aspen Aerogels has a fifty-two week low of $4.09 and a fifty-two week high of $14.63.

Aspen Aerogels (NYSE:ASPN) last released its quarterly earnings data on Thursday, July 30th. The construction company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.01). The company had revenue of $24.64 million during the quarter, compared to analyst estimates of $22.60 million. Aspen Aerogels had a negative net margin of 8.97% and a negative return on equity of 19.00%. Analysts anticipate that Aspen Aerogels will post -0.63 earnings per share for the current year.

About Aspen Aerogels

Aspen Aerogels, Inc, an aerogel technology company, designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets worldwide. The company provides Pyrogel XT-E that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market with operating temperatures greater than 400 C; Pyrogel XTF to provide strong protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.

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