The trading price of Ocean Power Technologies (AMEX:OPTT) during today’s trading, the S&P 500 Index has current market day and closing at $0.52, 1.26% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.5105 and $0.525. In examining the 52-week price action we see that the stock hit a 52-week high of $1.75 and a 52-week low of $0.14. Over the past month, the stock has gained 1.28% in value.
Ocean Power Technologies, whose market valuation is $89.64 million at the time of this writing, is expected to release its quarterly earnings report in August. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest OPTT has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that OPTT’s price is currently 0.57% off the SMA20 and 2.91% off the SMA50. The RSI metric on the 14-day chart is currently showing 52.17, and weekly volatility stands at 7.00%. When measured over the past 30 days, the indicator reaches 7.99%. Ocean Power Technologies (AMEX:OPTT)’s beta value is currently sitting at 2.61.
To see how Ocean Power Technologies stock has been performing today in comparison to its peers in the industry, here are the numbers: OPTT stock’s performance was 1.26% at last check in today’s session, and -49.12% in the past year.
An evaluation of the daily trading volume of Ocean Power Technologies (AMEX:OPTT) indicates that the 3-month average is 3.82 million. However, this figure has increased over the past 10 days to an average of 3.1.
Currently, records show that 170.00 million of the company’s shares remain outstanding. The insiders hold 10.99% of outstanding shares, whereasinstitutions hold 8.21%. The stats also highlight that short interest as of 2025-06-13, stood at 11.1 million shares, resulting in a short ratio of 3.16 at that time. From this, we can conclude that short interest is 653.00 of the company’s total outstanding shares. It is noteworthy that short shares in June were up slightly from the previous month’s figure, which was 10.72 million. However, since the stock’s price has seen 30.68% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
