Cepton, Inc. (NASDAQ:CPTN – Get Free Report) 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.
View Our Latest Stock Report on Cepton
Cepton Trading Up 0.7 %
Cepton (NASDAQ:CPTN – Get Free Report) 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.
Featured Articles
- Five stocks we like better than Cepton
- What are earnings reports?
- This Is the Top Large-Cap Stock Insiders Are Buying
- The Basics of Support and Resistance
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
- How to Use the MarketBeat Dividend Calculator
- Stocks to Take Advantage of Rising Gold Prices
Receive News & Ratings for Cepton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cepton and related companies with MarketBeat.com's FREE daily email newsletter.