Aeluma, Inc. (NASDAQ:ALMU) Short Interest Down 12.3% in January

Aeluma, Inc. (NASDAQ:ALMU) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 1,520,223 shares, a decrease of 12.3% from the December 31st total of 1,733,778 shares. Based on an average daily volume of 433,461 shares, the short-interest ratio is presently 3.5 days. Currently, 10.0% of the company’s shares are sold short. Currently, 10.0% of the company’s shares are sold short. Based on an average daily volume of 433,461 shares, the short-interest ratio is presently 3.5 days.

Insider Activity

In other news, major shareholder Mark N. Tompkins sold 45,000 shares of Aeluma stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $18.82, for a total transaction of $846,900.00. Following the completion of the sale, the insider owned 1,949,988 shares in the company, valued at $36,698,774.16. The trade was a 2.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 450,000 shares of company stock valued at $7,526,250. 14.70% of the stock is currently owned by company insiders.

Institutional Trading of Aeluma

A number of large investors have recently bought and sold shares of ALMU. Quantbot Technologies LP acquired a new stake in Aeluma during the 3rd quarter worth approximately $29,000. BNP Paribas Financial Markets increased its position in shares of Aeluma by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock worth $31,000 after acquiring an additional 855 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of Aeluma during the second quarter worth $32,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Aeluma during the second quarter worth $32,000. Finally, JTC Employer Solutions Trustee Ltd bought a new stake in Aeluma in the 3rd quarter valued at $39,000.

Aeluma Stock Up 0.4%

ALMU opened at $15.85 on Tuesday. The stock has a market cap of $283.05 million and a P/E ratio of -58.70. Aeluma has a 12 month low of $5.69 and a 12 month high of $25.88. The company has a fifty day simple moving average of $17.34 and a 200 day simple moving average of $17.62.

Aeluma (NASDAQ:ALMU) last posted its earnings results on Wednesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. Aeluma had a negative net margin of 67.97% and a negative return on equity of 18.15%. The business had revenue of $1.39 million during the quarter.

Wall Street Analyst Weigh In

ALMU has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeluma in a report on Wednesday, January 21st. Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Aeluma in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded Aeluma from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.50.

Aeluma Company Profile

Aeluma, Inc develops optoelectronic and electronic devices in the United States. The company manufactures semiconductor materials and chips using compound semiconductors on diameter substrates that are used to manufacture mass market microelectronics. It offers its devices for use in mobile, automotive, AI, defence and aerospace, communication, AR/VR, and HPC applications, as well as laser emitters, transistors for integrated circuits, quantum photonic circuits, and solar cells applications. Aeluma, Inc was formerly known as Parc Investments, Inc and changed its name to Aeluma, Inc June 2021.