2.58% Less Ocean Power Technologies Inc (NASDAQ:OPTT) Short Interest

April 16, 2018 - By Don Salinas

Ocean Power Technologies, Inc. (NASDAQ:OPTT) Corporate Logo

Ocean Power Technologies Inc (NASDAQ:OPTT) had a decrease of its shares shorted by 2.58%. FINRA issued in April OPTT’s total 1.98M shares shorted. The down change of 2.58% from 2.04 million shares was reported. 2 days will cost OPTT With 1.14M average volume to restore its former position.

On during the last trading session the stock decreased $0.025 or 2.23%, reaching $1.095.Currently Ocean Power Technologies, Inc. is downtrending after 51.15% change in last April 16, 2017. OPTT has also 176,141 shares volume. OPTT underperformed by 62.70% the S&P500.

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in North America, Europe, Australia, and Asia.The company has $19.88 million market cap. It offers PowerBuoy system that is designed to generate power for use independent of the power grid in remote offshore locations.Last it reported negative earnings. The firm focuses on serving public and private entities, and agencies that require remote offshore power.

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