Stem, Inc. (NYSE:STEM) Short Interest Update

Stem, Inc. (NYSE:STEM) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 9,260,000 shares, a decrease of 30.5% from the August 15th total of 13,320,000 shares. Approximately 8.7% of the shares of the stock are sold short. Based on an average daily volume of 2,870,000 shares, the days-to-cover ratio is presently 3.2 days.

STEM has been the subject of a number of analyst reports. Susquehanna Bancshares initiated coverage on Stem in a report on Monday, July 19th. They issued a “positive” rating and a $35.00 price target for the company. The Goldman Sachs Group upped their price target on Stem from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 2nd. They noted that the move was a valuation call. Credit Suisse Group initiated coverage on Stem in a report on Tuesday, June 29th. They issued an “outperform” rating and a $48.00 price target for the company. Finally, Susquehanna initiated coverage on Stem in a report on Monday, July 19th. They issued a “positive” rating and a $35.00 price target for the company.

Several large investors have recently bought and sold shares of the stock. BDO Wealth Advisors LLC acquired a new stake in shares of Stem in the second quarter valued at approximately $34,000. Nisa Investment Advisors LLC acquired a new stake in shares of Stem in the second quarter valued at approximately $36,000. Steward Partners Investment Advisory LLC purchased a new position in Stem in the second quarter worth approximately $38,000. Horrell Capital Management Inc. purchased a new position in Stem in the second quarter worth approximately $46,000. Finally, US Bancorp DE purchased a new position in Stem in the second quarter worth approximately $50,000. 40.06% of the stock is owned by hedge funds and other institutional investors.

Shares of Stem stock traded down $1.62 during mid-day trading on Monday, reaching $24.32. 2,840,295 shares of the stock traded hands, compared to its average volume of 3,246,466. The business has a 50-day moving average of $25.37 and a 200 day moving average of $27.20. Stem has a fifty-two week low of $9.60 and a fifty-two week high of $51.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.27 and a quick ratio of 5.95.

Stem (NYSE:STEM) last announced its earnings results on Wednesday, August 11th. The company reported ($0.19) EPS for the quarter. The business had revenue of $19.34 million during the quarter.

Stem Company Profile

Stem, Inc operates as an energy technology company in the United States. The company offers energy storage solutions with Athena, an artificial intelligence powered analytics platform to optimize energy use by automatically switching between battery power, onsite generation, and grid power. It serves commercial and industrial enterprises, independent power producers, renewable project developers, utilities, and grid operators.

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