In the last trading session, 3.7 million Ocean Power Technologies (AMEX:OPTT) shares changed hands as the company’s beta touched 2.64. With the company’s per share price at $0.47 changed hands at -$0.02 or -3.98% during last session, the market valuation stood at $82.04M. OPTT’s last price was a discount, traded about -272.34% 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 70.21% up since then. When we look at Ocean Power Technologies’s average trading volume, we note the 10-day average is 3.99 million shares, with the 3-month average coming to 3.99 million.
Ocean Power Technologies (AMEX:OPTT) trade information
Instantly OPTT was in red as seen at the end of in last trading. With action -2.50%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 162.09%, with the 5-day performance at -2.50% in the red. However, in the 30-day time frame, Ocean Power Technologies (AMEX:OPTT) is -4.72% down. 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.
