2 weeks Ago By ABMN Staff
Ispire Technology Inc. ( NASDAQ:ISPR – Get Free Report ) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 438,100 shares, a growth of 6.
1% from the August 31st total of 412,900 shares. Based on an average daily trading volume, of 89,500 shares, the days-to-cover ratio is presently 4.9 days.
Approximately 2.6% of the company’s stock are short sold. Ispire Technology Stock Down 6.
0 % Shares of NASDAQ:ISPR traded down $0.39 during midday trading on Monday, reaching $6.21.
The company had a trading volume of 174,621 shares, compared to its average volume of 94,889. Ispire Technology has a 1-year low of $5.01 and a 1-year high of $19.
78. The stock has a market cap of $349.97 million, a PE ratio of -25.
85 and a beta of 2.84. The business’s 50 day moving average price is $7.
14 and its 200 day moving average price is $6.92. Ispire Technology ( NASDAQ:ISPR – Get Free Report ) last announced its quarterly earnings results on Thursday, September 26th.
The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.
04. The firm had revenue of $37.34 million during the quarter, compared to analysts’ expectations of $34.
00 million. Ispire Technology had a negative net margin of 8.79% and a negative return on equity of 34.
23%. On average, research analysts expect that Ispire Technology will post -0.3 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades Check Out Our Latest Stock Analysis on ISPR Institutional Inflows and Outflows Institutional investors have recently made changes to their positions in the business. AdvisorShares Investments LLC acquired a new position in Ispire Technology in the 4th quarter valued at $969,000. Mirae Asset Global Investments Co.
Ltd. boosted its stake in shares of Ispire Technology by 62.8% in the 1st quarter.
Mirae Asset Global Investments Co. Ltd. now owns 62,273 shares of the company’s stock valued at $382,000 after purchasing an additional 24,017 shares in the last quarter.
Tidal Investments LLC acquired a new position in shares of Ispire Technology during the first quarter worth $196,000. Bank of New York Mellon Corp raised its position in Ispire Technology by 9.3% in the second quarter.
Bank of New York Mellon Corp now owns 46,119 shares of the company’s stock valued at $369,000 after purchasing an additional 3,931 shares during the last quarter. Finally, Yong Rong HK Asset Management Ltd boosted its position in Ispire Technology by 94.2% during the 2nd quarter.
Yong Rong HK Asset Management Ltd now owns 1,669,515 shares of the company’s stock worth $13,357,000 after buying an additional 809,819 shares during the period. 5.00% of the stock is owned by institutional investors and hedge funds.
Ispire Technology Company Profile ( Get Free Report ) Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.
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