Ouster, Inc. (NYSE:OUST) Short Interest Down 20.0% in November

Ouster, Inc. (NYSE:OUST) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 4,800,000 shares, a decrease of 20.0% from the October 31st total of 6,000,000 shares. Based on an average trading volume of 1,100,000 shares, the days-to-cover ratio is presently 4.4 days. Currently, 10.6% of the shares of the company are sold short.

Ouster Price Performance

Ouster stock traded up $0.33 during trading hours on Friday, reaching $9.88. The company had a trading volume of 683,003 shares, compared to its average volume of 1,156,536. The company has a 50-day moving average price of $7.64 and a 200 day moving average price of $9.43. Ouster has a 12-month low of $4.65 and a 12-month high of $16.88. The firm has a market cap of $491.73 million, a price-to-earnings ratio of -3.84 and a beta of 2.34.

Analyst Ratings Changes

Several research analysts have commented on the stock. Cantor Fitzgerald upgraded shares of Ouster from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $12.00 to $10.00 in a research report on Monday, November 11th. Westpark Capital restated a “buy” rating and set a $17.00 target price on shares of Ouster in a research report on Monday, August 12th. Craig Hallum decreased their target price on Ouster from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $17.00 price target on shares of Ouster in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Ouster currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Insider Transactions at Ouster

In related news, CFO Mark Weinswig sold 31,397 shares of Ouster stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $8.72, for a total value of $273,781.84. Following the completion of the transaction, the chief financial officer now directly owns 198,650 shares in the company, valued at approximately $1,732,228. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 40,425 shares of company stock worth $329,394. 7.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ouster

Several institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC increased its position in Ouster by 280.6% during the 3rd quarter. Barclays PLC now owns 57,330 shares of the company’s stock valued at $361,000 after purchasing an additional 42,267 shares during the period. Geode Capital Management LLC lifted its position in shares of Ouster by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock worth $6,146,000 after purchasing an additional 62,202 shares during the period. State Street Corp boosted its stake in shares of Ouster by 2.4% during the 3rd quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after purchasing an additional 37,926 shares in the last quarter. Stifel Financial Corp increased its position in shares of Ouster by 286.7% during the third quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock valued at $376,000 after buying an additional 44,275 shares during the period. Finally, Centiva Capital LP bought a new position in Ouster in the third quarter worth about $167,000. Hedge funds and other institutional investors own 31.45% of the company’s stock.

About Ouster

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.