Short Interest in Cepton, Inc. (NASDAQ:CPTN) Rises By 10.1%

Cepton, Inc. (NASDAQ:CPTN) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 68,600 shares, a growth of 10.1% from the August 15th total of 62,300 shares. Based on an average trading volume of 47,400 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.1% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Westpark Capital restated a “hold” rating on shares of Cepton in a research note on Wednesday, August 14th.

Cepton Trading Up 0.7 %

CPTN stock traded up $0.02 during trading on Wednesday, hitting $3.06. 22,224 shares of the company’s stock were exchanged, compared to its average volume of 31,826. The business has a 50-day moving average price of $2.92 and a two-hundred day moving average price of $2.82. The stock has a market capitalization of $48.72 million, a price-to-earnings ratio of -1.19 and a beta of 0.08. Cepton has a 52-week low of $2.38 and a 52-week high of $5.20.

Cepton (NASDAQ:CPTN) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.26. The company had revenue of $10.43 million during the quarter, compared to analyst estimates of $11.00 million.

About Cepton

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Cepton Ultra, a slimmest lidar with MagnoSteer technology and proprietary ASIC chipset, enabling a combination of 300-meter range at 10% reflectivity and 0.05° resolution; Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; and Nova, an extremely-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.