Is Buying Capstone Turbine Corporation (NASDAQ:CPST), Having Lower Short Interest a Winning Strategy?

September 17, 2017 - By Ellis Scott

 Is Buying Capstone Turbine Corporation (NASDAQ:CPST), Having Lower Short Interest a Winning Strategy?

The stock of Capstone Turbine Corporation (NASDAQ:CPST) registered a decrease of 11.8% in short interest. CPST’s total short interest was 3.66M 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 stock has “Hold” rating by Oppenheimer on Wednesday, August 9. H.C. Wainwright maintained it with “Buy” rating and $200 target in Thursday, August 10 report. The firm has “Buy” rating given on Thursday, March 24 by Rodman & Renshaw. The company was initiated on Tuesday, September 22 by H.C. Wainwright. The firm has “Buy” rating by H.C. Wainwright given on Wednesday, June 14. Oppenheimer maintained the shares of CPST in report on Wednesday, June 14 with “Hold” rating. The stock has “Hold” rating by Craig Hallum on Friday, October 2. The stock of Capstone Turbine Corporation (NASDAQ:CPST) has “Hold” rating given on Thursday, August 10 by Roth Capital. Rodman & Renshaw initiated the shares of CPST in report on Tuesday, September 22 with “Buy” rating. The stock of Capstone Turbine Corporation (NASDAQ:CPST) earned “Buy” rating by H.C. Wainwright on Tuesday, July 18.

More notable recent Capstone Turbine Corporation (NASDAQ:CPST) news were published by: Fool.com which released: “Is Capstone Turbine in deep trouble? Or is the market overreacting?” on September 24, 2014, also Globenewswire.com with their article: “Capstone Turbine to Attend the 3rd Annual Roth Capital Partners Cleantech …” published on June 15, 2017, Seekingalpha.com published: “Capstone Turbine Serves A Double Whammy To Investors” on October 19, 2016. More interesting news about Capstone Turbine Corporation (NASDAQ:CPST) were released by: Seekingalpha.com and their article: “Capstone Turbine – Primed For A Comeback?” published on March 30, 2016 as well as Seekingalpha.com‘s news article titled: “Capstone Turbine: Buy The Drop” with publication date: July 18, 2016.

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