Awm Investment Company Lowers stake in Energous Corp (WATT)

Energous Corp (WATT) : Awm Investment Company reduced its stake in Energous Corp by 52.75% during the most recent quarter end. The investment management company now holds a total of 644,271 shares of Energous Corp which is valued at $8,336,867 after selling 719,317 shares in Energous Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Energous Corp makes up approximately 1.63% of Awm Investment Company’s portfolio.

Other Hedge Funds, Including , Leisure Capital Management boosted its stake in WATT in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 21,053 shares of Energous Corp which is valued at $272,426. Energous Corp makes up approx 0.29% of Leisure Capital Management’s portfolio.Wealthsource Partners reduced its stake in WATT by selling 1,500 shares or 6.06% in the most recent quarter. The Hedge Fund company now holds 23,260 shares of WATT which is valued at $299,589. Energous Corp makes up approx 0.11% of Wealthsource Partners’s portfolio. Hood River Capital Management added WATT to its portfolio by purchasing 597,065 company shares during the most recent quarter which is valued at $7,415,547. Energous Corp makes up approx 0.90% of Hood River Capital Management’s portfolio.

Energous Corp opened for trading at $14.05 and hit $14.65 on the upside on Wednesday, eventually ending the session at $14.07, with a gain of 1.08% or 0.15 points. The heightened volatility saw the trading volume jump to 5,51,261 shares. Company has a market cap of $240 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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