Energous Corp. (WATT)

[jhinvestor51]

An article was published on Seeking Alpha by Benjamin Padnos on September 10, 2015

What Does Energous CEO Know That The Shorts Don't?

By Benjamin Padnos - September 10, 2015 2:20 PM ET

Summary here:

Short interest in Energous, pioneer of the WattUp wire-free charging technology, has quadrupled since December 31, 2014.

CEO Steve Rizzone purchased 7,000 shares in the open market between August 25-26, 2015.

CFO Brian Sereda stated during Q2 management call on August 10 the company has "sufficient working capital runway into the third quarter of 2016".

Energous reported revenues from its tier-one partner of $200,000 and $225,000 in the first and second quarters, respectively, and suggests additional licensing deals are coming before year-end.

Author, who is long WATT, believes CEO's purchase indicates shares will end the year "significantly higher" than present levels.

Reported short interest in Energous (NASDAQ:WATT), pioneers of the wireless charging technology called WattUp, has quadrupled from 252,555 shares on December 31, 2014 to 1,024,417 as of August 14, 2015, as the stock has been sliced from its 12/31 close of $10.96/share.