Doheny Asset Management Ca Lowers stake in Energous Corp (WATT)

Energous Corp (WATT) : Doheny Asset Management Ca reduced its stake in Energous Corp by 24.83% during the most recent quarter end. The investment management company now holds a total of 737,500 shares of Energous Corp which is valued at $7.3 Million after selling 243,650 shares in Energous Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Energous Corp makes up approximately 3.76% of Doheny Asset Management Ca’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in WATT in the latest quarter, The investment management firm added 8,306 additional shares and now holds a total of 83,818 shares of Energous Corp which is valued at $829,798.Leisure Capital Management boosted its stake in WATT in the latest quarter, The investment management firm added 7,476 additional shares and now holds a total of 21,027 shares of Energous Corp which is valued at $208,167. Energous Corp makes up approx 0.21% of Leisure Capital Management’s portfolio.Blackrock Investment Management boosted its stake in WATT in the latest quarter, The investment management firm added 256 additional shares and now holds a total of 2,188 shares of Energous Corp which is valued at $21,661.Awm Investment Company reduced its stake in WATT by selling 108,331 shares or 7.36% in the most recent quarter. The Hedge Fund company now holds 1,363,588 shares of WATT which is valued at $15.4 Million. Energous Corp makes up approx 3.29% of Awm Investment Company’s portfolio.

Energous Corp opened for trading at $11 and hit $11.25 on the upside on Wednesday, eventually ending the session at $10.38, with a gain of 2.17% or 0.22 points. The heightened volatility saw the trading volume jump to 18,51,403 shares. Company has a market cap of $172 M.

Energous Corporation is a development-stage company. The Company is developing technology that can enable wire-free charging for electronic devices that provides power at a distance with mobility under software control. The Company offers WattUp technology solution which consists of transmitter and receiver application specific integrated circuits and antenna designs driven through algorithms and software applications. The wire-free charging solution employs three dimensional (3D) pocketforming via a transmitter that creates a targeted radio frequency (RF) pocket in a room around a receiving device (which may be mobile or fixed). The Company’s technology can be utilized in a range of devices including smart phones tablets e-book readers wearables keyboards mice remote controls rechargeable lights cylindrical batteries.

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