In the last trading session, 7.02 million Ocean Power Technologies (AMEX:OPTT) shares changed hands as the company’s beta touched 2.62. With the company’s per share price at $0.72 changed hands at $0.02 or 3.30% during last session, the market valuation stood at $124.38M. OPTT’s last price was a discount, traded about -143.06% off its 52-week high of $1.75. The share price had its 52-week low at $0.14, which suggests the last value was 80.56% up since then. When we look at Ocean Power Technologies’s average trading volume, we note the 10-day average is 7.9 million shares, with the 3-month average coming to 4.40 million.
Ocean Power Technologies (AMEX:OPTT) trade information
Instantly OPTT was in green as seen at the end of in last trading. With action 34.58%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 84.10%, with the 5-day performance at 34.58% in the green. However, in the 30-day time frame, Ocean Power Technologies (AMEX:OPTT) is 37.27% up. Looking at the short shares, we see there were 11.1 million shares sold at short interest cover period of 3.16 days.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 45.31%.
OPTT Dividends
Ocean Power Technologies is expected to release its next quarterly earnings report in August.
Ocean Power Technologies (AMEX:OPTT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.21% of Ocean Power Technologies shares while 8.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 8.48%. There are 8.21% institutions holding the Ocean Power Technologies stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 2.1473% of the shares, roughly 1.76 million OPTT shares worth $0.34 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 0.7046% or 0.58 million shares worth $0.11 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . With 3.65 shares estimated at $2.63 million under it, the former controlled 7.15% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund held about 5.05% of the shares, roughly 2.57 shares worth around $1.85 million.
