Short Interest in Cepton, Inc. (NASDAQ:CPTN) Declines By 54.8%

Cepton, Inc. (NASDAQ:CPTN) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 39,600 shares, a decline of 54.8% from the March 31st total of 87,600 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 27,800 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Cepton

An institutional investor recently bought a new position in Cepton stock. Trellus Management Company LLC purchased a new stake in shares of Cepton, Inc. (NASDAQ:CPTN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 57,835 shares of the company’s stock, valued at approximately $220,000. Trellus Management Company LLC owned approximately 0.37% of Cepton at the end of the most recent quarter. 68.16% of the stock is currently owned by institutional investors.

Cepton Stock Performance

CPTN stock traded down $0.05 during mid-day trading on Friday, hitting $2.95. The company had a trading volume of 10,336 shares, compared to its average volume of 27,110. The firm has a market cap of $46.96 million, a PE ratio of -0.96 and a beta of 0.14. Cepton has a 12 month low of $2.38 and a 12 month high of $8.90. The stock’s fifty day moving average price is $2.77 and its two-hundred day moving average price is $3.08.

Cepton (NASDAQ:CPTN) last announced its quarterly earnings data on Thursday, March 28th. The company reported ($0.51) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.03. The company had revenue of $4.95 million during the quarter, compared to the consensus estimate of $2.00 million. Equities analysts anticipate that Cepton will post -2.17 earnings per share for the current year.

Cepton Company Profile

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Cepton Ultra, a slimmest lidar with MagnoSteer technology and proprietary ASIC chipset, enabling a combination of 300-meter range at 10% reflectivity and 0.05° resolution; Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; and Nova, an extremely-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.