Energous Corporation June 15th Short Interest Update

The short interest in Energous Corporation (NASDAQ:WATT) has increased from 2,884,096 on May 31,2016 to 2,896,399 on June 15,2016. The change was measured at 12,303 shares or 0.4%. The leftover shorts were 21.7% of the floated shares. The days to cover are 3, given the average daily volume of 1,021,558 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Energous Corporation (NASDAQ:WATT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.00 and $9.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.32, notching a gain of 1.98% for the day. The total traded volume was 2,173,659 . The stock had closed at $11.10 on the previous day.

The company shares have rallied 60.34% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $14.78 and the one year low was seen on Jan 19, 2016. The 50-Day Moving Average price is $10.99 and the 200 Day Moving Average price is recorded at $8.67.

Energous Corporation (NASDAQ:WATT) has climbed 5.79% in the past week and advanced 8.85% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 7.55% and the outperformance has advanced to 12.14% for the last 4 weeks period.

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 Companys 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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