Applied Optoelectronics
Optical transceivers for AI data centers. Three at-the-market programs in 2026. The latest finished Oct 5: 5.69M shares at $105.36, about $588M net. Short interest can be crowded, and the company has been the seller.
$50.13
+6.91%
Short interest
Short % of float
—
Days to cover
1.3d
Shares short
16.30M
Vs Sep 15
+32%
Short interest is light. A turn in this name is not a short squeeze.
Share count and days to cover are the latest FINRA settlement. Short % of float is from Finviz. Prints land about twice a month — fuel for a turn, not today's flow.
No upcoming events in tracker — Finnhub may add earnings when scheduled
SeekingAlpha · 17h ago
Yahoo · 20h ago
SeekingAlpha · 21h ago
AAOI ATM up to $600M
Third at-the-market program of 2026. Prospectus supplement for up to $600M. Shares outstanding were 84.9M as of Aug 20. Agents can sell into the Nasdaq bid.
AAOI ATM completed
Sold 5,694,845 shares at an average $105.36, about $588M net. Third ATM finished this year. Proceeds are for capex, working capital, and debt. New shares were sold into the market, so a crowded short has fresh supply.
Next report
2027-02-24 · Q4 2026 (est.)
EPS est. 0.15 · actual 0.17 (+16.3%)
Last reported · 2026-09-30
Last surprise +16.3% vs estimate
Insider trades (Form 4)
Buys
0 sh
—
Sells
14,672 sh
$1.3M
Net (12 filings)
-14,672 sh
$1.3M net
Chang Hung-Lun (Fred) (Tax withholding) — 677 sh · $0.1M
Chang Hung-Lun (Fred) (Tax withholding) — 850 sh · $0.1M
Chang Hung-Lun (Fred) (Tax withholding) — 674 sh · $0.1M
Chang Hung-Lun (Fred) (Tax withholding) — 2,940 sh · $0.2M
Murry Stefan J. (Tax withholding) — 846 sh · $0.1M
Murry Stefan J. (Tax withholding) — 1,086 sh · $0.1M
Murry Stefan J. (Tax withholding) — 746 sh · $0.1M
Murry Stefan J. (Tax withholding) — 3,267 sh · $0.3M
Kuo David C (Tax withholding) — 447 sh · $0.0M
Kuo David C (Tax withholding) — 567 sh · $0.0M
Kuo David C (Tax withholding) — 519 sh · $0.0M
Kuo David C (Tax withholding) — 2,053 sh · $0.2M
AAOI ATM up to $600M
Second at-the-market program of 2026, filed May 14. Up to $600M of common stock through Raymond James and Needham. Shares outstanding were 80.2M as of May 13, up from 75.2M on Feb 25.
AAOI Q2 2026 earnings (est.)
Estimated — verify before trading
AAOI ATM up to $600M
Third at-the-market program of 2026. Prospectus supplement for up to $600M. Shares outstanding were 84.9M as of Aug 20. Agents can sell into the Nasdaq bid.
AAOI ATM completed
Sold 5,694,845 shares at an average $105.36, about $588M net. Third ATM finished this year. Proceeds are for capex, working capital, and debt. New shares were sold into the market, so a crowded short has fresh supply.
AI Capacity Bottleneck
When AI labs hit compute ceilings, they must buy more hardware. Bottleneck ripples: GPUs → HBM memory → power delivery → liquid cooling → optical networking.
VIX Fear Spike Deploy
Elevated VIX = market pricing fear. Quality names with locked-in demand (HBM contracts) often recover faster than broad market in AI infra cycles.
Earnings + Guidance (Infra Names)
For infra suppliers, guidance matters more than EPS beat. Raised guidance = demand visibility. Lowered = thesis review, not automatic exit.
RSI, moving averages, MACD, Bollinger bands & candlestick patterns from Yahoo daily data — verify on chart
Below 20-day MA
Price $50.13 vs 20 SMA $73.70
Below 50-day MA
Price $50.13 vs 50 SMA $92.96
Below 200-day MA
Price $50.13 vs 200 SMA $114.65
Volume spike
Latest volume 1.6× the 20-day average
Below 251-day high
-77.5% from 251-day high ($223.10)
Above 251-day low
157.2% above 251-day low ($19.49)
Gap up
Opened 4.5% above prior close on 2026-11-06
Price vs 200-day EMA, plus whether profit shows up as cash. Cash flow, cash, capex growth, and interest coverage sit next to the multiple.
50.1% below 200-day EMA
Neither a technical discount nor a fundamentals red flag right now.
Trailing PE
—
Invest rank
28
Swing rank
22
Earnings skew
dump
Cash flow/share
−$1.38
Trailing twelve months
Cash/share
$5.92
Latest quarter
Interest cover
-31.2x
Operating profit / interest
Price / FCF
299x
After capex
Rev / share
-6.7%
Five-year revenue growth per share
Capex growth
61.6%
5-year rate
ATM · 2026-10-05: AAOI ATM completed. Sold 5,694,845 shares at an average $105.36, about $588M net. Third ATM finished this year. Proceeds are for capex, working capital, and debt. New shares were sold into the market, so a crowded short has fresh supply.
Gross margin
28.9%
Prior year 30.0%
Revenue growth
61.9%
YoY, TTM or latest quarter
Net margin
-9.6%
TTM profitability
Debt / equity
13.3%
Lower = less leveraged
FCF growth
—
5Y CAGR, capex-aware
Composite fundamentals score: 42/100 · from Finnhub basic financials, verify against the latest 10-Q before acting.