Bolt Projects Holdings, Inc. (NASDAQ:BSLK) Short Interest Up 182.3% in December
by Tristan Rich · The Markets DailyBolt Projects Holdings, Inc. (NASDAQ:BSLK – Get Free Report) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 348,999 shares, an increase of 182.3% from the December 15th total of 123,619 shares. Based on an average daily volume of 1,953,079 shares, the days-to-cover ratio is presently 0.2 days. Currently, 8.9% of the company’s stock are short sold. Currently, 8.9% of the company’s stock are short sold. Based on an average daily volume of 1,953,079 shares, the days-to-cover ratio is presently 0.2 days.
Bolt Projects Stock Down 10.8%
Shares of NASDAQ BSLK opened at $0.31 on Wednesday. The firm has a market cap of $1.35 million, a P/E ratio of -0.03 and a beta of 0.23. Bolt Projects has a twelve month low of $0.26 and a twelve month high of $25.00. The company has a 50 day moving average of $1.60 and a 200 day moving average of $3.01.
Bolt Projects (NASDAQ:BSLK – Get Free Report) last posted its earnings results on Wednesday, November 12th. The company reported ($2.70) EPS for the quarter. The business had revenue of $0.37 million during the quarter.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bolt Projects in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on Bolt Projects
Institutional Trading of Bolt Projects
An institutional investor recently bought a new position in Bolt Projects stock. Schonfeld Strategic Advisors LLC purchased a new position in Bolt Projects Holdings, Inc. (NASDAQ:BSLK – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,100 shares of the company’s stock, valued at approximately $61,000. Schonfeld Strategic Advisors LLC owned 0.43% of Bolt Projects as of its most recent SEC filing. 5.52% of the stock is currently owned by institutional investors and hedge funds.
About Bolt Projects
Bolt Projects Holdings, Inc operates as a material solutions company. The company offers B-SILK PROTEIN, a biodegradable ingredient for the beauty and personal care industry. Its products also include MYLO, a mycelium-based leather material; and MICROSILK, a silk fiber. The company is based in San Francisco, California.