Aspen Aerogels, Inc. (NYSE:ASPN) Sees Significantly Lower Trading Volume

(NYSE:ASPN) shares saw light trading volume with 107 shares changing hands by the end of trading on Wednesday. Shares saw a steep decrease in trading volume of 99.80% under the normal average daily volume.
Short traders are feeling a little more bullish on shares of the company recently if you take into consideration the decrease in short interest. The stock recorded a fall in short interest from August 15, 2017 to August 31, 2017 of -14.46%. Short interest decreased 24,216 over that timeframe. Days to cover increased 1.0 to 5.0 and the percentage of shorted shares was 0.01% on August 31.
Here is a rundown on some insider market activity for Aspen Aerogels, Inc. (NYSE:ASPN). Director Robert M. Gervis purchased 200 shares at an average price of $4.00 on August 31st. Gervis now owns $289,964 of stock as recorded in a recent Form 4 SEC filing.
These funds have shifted positions in (ASPN). As of the end of the quarter Harvey Partners, LLC had bought 30,668 shares growing its stake by 12.0%. The value of the investment in ASPN increased from $1,062,000 to $1,276,000 a change of $214,000 since the last quarter. Tower Research Capital LLC (trc) cut its investment by shedding 1,361 shares a decrease of 72.2% from 03/31/2017 to 06/30/2017. Tower Research Capital LLC (trc) owns 524 shares with a value of $2,000. The total value of its holdings decreased 75.0%.
As of quarter end Oaktop Capital Management Ii, L.p. had acquired a total of 116,803 shares growing its position 10.6%. The value of the total investment in Aspen Aerogels, Inc. went from $4,583,000 to $5,434,000 a change of 18.6% for the reporting period. Ubs Group Ag added to its ownership by buying 2,287 shares an increase of 116.2% as of 06/30/2017. Ubs Group Ag now holds 4,256 shares worth $19,000. The value of the position overall is up by 137.5%.
In the market the company is trading down since yesterday’s close of 4.19. It is currently trading at $4.11 which is just a bit below $4.34, the stock’s 50 day moving average and just below the 200 day moving average of $4.27. The 50 day moving average was down $-0.23 or -5.19% and the 200 day average went down by -3.75%.
In the last earnings report the EPS was $-1.01 and is expected to be $-0.86 for the current year with 20,582,000 shares now outstanding. Next quarter’s EPS is estimated at $-0.09 and the next full year EPS is anticipated to be $-0.40.
Aspen Aerogels, Inc., launched on May 16, 2008, is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions. Its insulation is used by oil producers and the owners and operators of refineries, petrochemical plants, liquefied natural gas (LNG) facilities, power generating assets and other energy infrastructure. Its product lines include Pyrogel and Cryogel. The Company sells a line of
aerogel insulation blanket, and products in the building and construction and other end markets, including the supply of fabricated heat insulation material parts to original equipment manufacturers (OEMs). It markets and sells its products primarily through a sales force based in North America, Europe and Asia. The Company manufactures its products using a technology at its facility in East Providence, Rhode Island..
web: http://www.aerogelinsulationblanket.com/product-news/aerogel-2017.html

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