In recent trading session, Ocean Power Technologies (AMEX:OPTT) saw 7.83 million shares changing hands at last check today with its beta currently measuring 2.95. Company’s recent per share price level of $0.32 trading at $0.0 or 1.73% at last check today assigns it a market valuation of $47.11M. That most recent trading price of OPTT’s stock is at a discount of -156.25% from its 52-week high price of $0.82 and is indicating a premium of 62.5% from its 52-week low price of $0.12. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 20.74 million shares which gives us an average trading volume of 23.10 million if we extend that period to 3-months.
Ocean Power Technologies (AMEX:OPTT) trade information
Upright in the green today for gaining 1.73%, in the last five days OPTT remained trading in the green while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $0.32 price level, adding 16.88% to its value on the day. Ocean Power Technologies’s shares saw a change of 2.09% in year-to-date performance and have moved 9.91% in past 5-day. Ocean Power Technologies (AMEX:OPTT) showed a performance of 115.07% in past 30-days. Number of shares sold short was 10.56 million shares which calculate 0.38 days to cover the short interests.
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Ocean Power Technologies (AMEX:OPTT)’s Major holders
Insiders are in possession of 2.92% of company’s total shares while institution are holding 3.41 percent of that, with stock having share float percentage of 3.52%. Investors also watch the number of corporate investors in a company very closely, which is 3.41% institutions for Ocean Power Technologies that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at OPTT for having 1.76 million shares of worth $0.34 million. And as of 2024-06-30, it was holding 2.9894 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 0.58 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.9809 of outstanding shares, having a total worth of $0.11 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 1.0 shares of worth $0.32 million or 1.96% of the total outstanding shares. The later fund manager was in possession of 753.87 shares on Sep 30, 2024, making its stake of worth around $0.24 million in the company or a holder of 1.48% of company’s stock.
