Capstone Turbine Corporation (NASDAQ:CPST) Stock Is Shorted Less

September 17, 2017 - By Vivian Park

 Capstone Turbine Corporation (NASDAQ:CPST) Stock Is Shorted Less

The stock of Capstone Turbine Corporation (NASDAQ:CPST) registered a decrease of 11.8% in short interest. CPST’s total short interest was 3.66 million shares in September as published by FINRA. Its down 11.8% from 4.15M shares, reported previously. With 95,500 shares average volume, it will take short sellers 38 days to cover their CPST’s short positions. The short interest to Capstone Turbine Corporation’s float is 10.43%.

The stock decreased 0.76% or $0.005 on September 15, reaching $0.59. About 258,209 shares traded or 52.24% up from the average. Capstone Turbine Corporation (NASDAQ:CPST) has declined 54.23% since September 17, 2016 and is downtrending. It has underperformed by 70.93% the S&P500.

Capstone Turbine Corporation develops, makes, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply. The company has market cap of $25.16 million. The Company’s microturbines are used as battery charging generators for hybrid electric vehicle applications. It currently has negative earnings. Capstone offers micro turbines for commercial, industrial and utility users with product offerings ranging from 30 kilowatts (kW) to 1 megawatt in electric power output.

Capstone Turbine Corporation (NASDAQ:CPST) Ratings Coverage

Among 6 analysts covering Capstone Turbine Corporation (NASDAQ:CPST), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Capstone Turbine Corporation had 16 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, July 18 by H.C. Wainwright. The stock of Capstone Turbine Corporation (NASDAQ:CPST) earned “Hold” rating by Oppenheimer on Wednesday, June 14. As per Tuesday, November 17, the company rating was initiated by Oppenheimer. The rating was initiated by Rodman & Renshaw with “Buy” on Tuesday, September 22. On Tuesday, September 22 the stock rating was initiated by H.C. Wainwright with “Buy”. The firm earned “Buy” rating on Thursday, August 10 by H.C. Wainwright. The firm earned “Buy” rating on Wednesday, June 14 by H.C. Wainwright. The company was maintained on Thursday, August 10 by Roth Capital. Oppenheimer maintained the stock with “Hold” rating in Wednesday, August 9 report. The firm has “Hold” rating given on Friday, October 2 by Craig Hallum.

More notable recent Capstone Turbine Corporation (NASDAQ:CPST) news were published by: Globenewswire.com which released: “Capstone Turbine to Present at the 19th Annual Rodman & Renshaw Global …” on September 08, 2017, also Seekingalpha.com with their article: “Capstone Turbine: Buy The Drop” published on July 18, 2016, Globenewswire.com published: “Capstone Turbine Corporation Executes $12 Million Revolving Credit Facility …” on June 06, 2017. More interesting news about Capstone Turbine Corporation (NASDAQ:CPST) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Capstone …” published on September 05, 2017 as well as Seekingalpha.com‘s news article titled: “Capstone Turbine Serves A Double Whammy To Investors” with publication date: October 19, 2016.

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