Cepton, Inc. (NASDAQ:CPTNW – Get Rating) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 17,700 shares, a drop of 8.8% from the November 15th total of 19,400 shares. Based on an average daily volume of 30,900 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Cepton

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Walleye Capital LLC acquired a new stake in shares of Cepton during the first quarter worth about $26,000. Yakira Capital Management Inc. acquired a new position in Cepton in the 1st quarter valued at about $57,000. Radcliffe Capital Management L.P. acquired a new position in Cepton in the 1st quarter valued at about $1,045,000. Diameter Capital Partners LP acquired a new position in Cepton in the 1st quarter valued at about $147,000. Finally, Highbridge Capital Management LLC acquired a new position in Cepton in the 1st quarter valued at about $1,186,000.

Cepton Stock Performance

Cepton stock opened at $0.13 on Monday. Cepton has a 1-year low of $0.07 and a 1-year high of $1.35. The stock's fifty day moving average is $0.17 and its two-hundred day moving average is $0.16.

Cepton Company Profile

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, and internationally. The company offers auto grade lidar sensors, including Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; Vista-T, a lidar solution with a range of up to 300m for ultra-long-range applications in ADAS L2+/L3 and AV L4/L5; and Nova, an ultra-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.

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