Ocean Power Technologies (AMEX:OPTT) price closed higher on Monday, July 21, and jumping 11.11% above its previous close.
A look at the daily price movement shows that the last close reads $0.72, with intraday deals fluctuated between $0.75 and $0.835. The company’s 5Y monthly beta was ticking 2.66. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.75 and 52-week low of $0.14. The stock added 47.03% on its value in the past month.
Ocean Power Technologies, which has a market valuation of $138.20 million, is expected to release its quarterly earnings report in August.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.
The overview shows that OPTT’s price is at present 45.43% off the SMA20 and 49.25% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 78.46, with weekly volatility standing at 12.22%. The indicator jumps to 8.88% when calculated based on the past 30 days. Ocean Power Technologies (AMEX:OPTT)’s beta value is holding at 2.62.
An analysis of the Ocean Power Technologies (AMEX:OPTT) stock in terms of its daily trading volume indicates that the 3-month average is 4.44 million. However, this figure increases on the past 10-day timeline to an average of 7.9 million.
Current records show that the company has 170.00M in outstanding shares. The insiders’ percentage holdings are 10.99% of outstanding shares while the percentage share held by institutions stands at 8.26%. The stats also highlight that short interest as of 2025-06-13, stood at 11.1 million shares, which puts the short ratio at the time at 3.16. From this we can glean that short interest is 653.00 of company’s current outstanding shares. Notably, we see that shares short in June rose slightly given the previous month’s figure stood at 10.72 million. But the 109.04% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
