Doheny Asset Management Ca Lowers stake in Energous Corp (WATT)

Energous Corp (WATT) : Doheny Asset Management Ca reduced its stake in Energous Corp by 33.98% during the most recent quarter end. The investment management company now holds a total of 486,900 shares of Energous Corp which is valued at $6,621,840 after selling 250,600 shares in Energous Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Energous Corp makes up approximately 3.21% of Doheny Asset Management Ca’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in WATT in the latest quarter, The investment management firm added 351,438 additional shares and now holds a total of 384,780 shares of Energous Corp which is valued at $5,233,008. Gsa Capital Partners Llp sold out all of its stake in WATT during the most recent quarter. The investment firm sold 10,100 shares of WATT which is valued $131,098.

Energous Corp closed down -0.46 points or -3.19% at $13.97 with 3,91,666 shares getting traded on Friday. Post opening the session at $14.43, the shares hit an intraday low of $13.92 and an intraday high of $14.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Energous Corporation is a development-stage company. The Company is developing technology that can enable wire-free charging for electronic devices that provides power at a distance with mobility under software control. The Company offers WattUp technology solution which consists of transmitter and receiver application specific integrated circuits and antenna designs driven through algorithms and software applications. The wire-free charging solution employs three dimensional (3D) pocketforming via a transmitter that creates a targeted radio frequency (RF) pocket in a room around a receiving device (which may be mobile or fixed). The Company’s technology can be utilized in a range of devices including smart phones tablets e-book readers wearables keyboards mice remote controls rechargeable lights cylindrical batteries.

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