In today’s recent session, 15.99 million shares of the Ocean Power Technologies (AMEX:OPTT) have been traded, and its beta is 2.89. Most recently the company’s share price was $0.34, and it changed around $0.0 or -0.65% from the last close, which brings the market valuation of the company to $39.53M. OPTT at last check was trading at a discount to its 52-week high of $0.82, offering almost -141.18% off that amount. The share price’s 52-week low was $0.12, which indicates that the recent value has risen by an impressive 64.71% since then. We note from Ocean Power Technologies’s average daily trading volume that its 10-day average is 116.46 million shares, with the 3-month average coming to 21.48 million.

Ocean Power Technologies (AMEX:OPTT) trade information

Instantly OPTT has been showing red trend so far today with a performance of -0.65% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.4766 on recent trading dayincreased the stock’s daily price by 28.66%. The company’s shares are currently up 7.06% year-to-date, but still down -51.67% over the last five days. On the other hand, Ocean Power Technologies (AMEX:OPTT) is 127.81% up in the 30-day period. We can see from the shorts that 2.8 million shares have been sold at a short interest cover period of 1.33 day(s).

Ocean Power Technologies (AMEX:OPTT)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 2.92% of Ocean Power Technologies shares, and 3.41% of them are in the hands of institutional investors. The stock currently has a share float of 3.52%. Ocean Power Technologies stock is held by 41.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 2.9894% of the shares, which is about 1.76 million shares worth $0.34 million.

BLACKROCK INC., with 0.9809% or 0.58 million shares worth $0.11 million as of 2024-06-30, holds the second largest percentage of outstanding shares.