Cepton, Inc. (NASDAQ:CPTN) Short Interest Down 8.0% in September

Cepton, Inc. (NASDAQ:CPTN) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 63,100 shares, a decline of 8.0% from the August 31st total of 68,600 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 47,800 shares, the short-interest ratio is presently 1.3 days.

Cepton Trading Up 0.3 %

Shares of CPTN traded up $0.01 during trading hours on Tuesday, reaching $3.13. The stock had a trading volume of 64,825 shares, compared to its average volume of 31,482. The firm has a 50-day simple moving average of $3.00 and a 200 day simple moving average of $2.85. Cepton has a 12 month low of $2.38 and a 12 month high of $5.20. The company has a market capitalization of $49.83 million, a price-to-earnings ratio of -1.22 and a beta of 0.08.

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

Analyst Ratings Changes

Separately, Westpark Capital reiterated a “hold” rating on shares of Cepton in a report on Wednesday, August 14th.

Cepton Company Profile

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.