Applied Energetics, Inc. (OTCMKTS:AERG) Short Interest Down 5.2% in October

Applied Energetics, Inc. (OTCMKTS:AERG) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 703,100 shares, a drop of 5.2% from the September 30th total of 741,500 shares. Based on an average daily volume of 97,000 shares, the days-to-cover ratio is presently 7.2 days.

Applied Energetics Price Performance

Shares of Applied Energetics stock opened at $0.93 on Thursday. The company has a market capitalization of $198.83 million, a P/E ratio of -30.00 and a beta of 0.29. The business’s fifty day moving average price is $0.87 and its two-hundred day moving average price is $1.37. Applied Energetics has a 1-year low of $0.43 and a 1-year high of $2.46.

Applied Energetics (OTCMKTS:AERG) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter. Applied Energetics had a negative net margin of 330.64% and a negative return on equity of 466.58%. The firm had revenue of $0.78 million for the quarter.

About Applied Energetics

Applied Energetics, Inc engages in the provision of advanced optical technologies and ultrashort pulse directed energy solutions utilizing dual-use laser and optical technologies to defense, national security, industrial, biomedical, and scientific customers worldwide. It develops and holds various intellectual property rights such as laser guided energy and laser induced plasma channel technology for used in high-tech directed energy systems.