Clean Energy Technologies, Inc. (NASDAQ:CETY) Short Interest Down 38.5% in December

by · The Cerbat Gem

Clean Energy Technologies, Inc. (NASDAQ:CETY – Get Free Report) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 119,905 shares, a decline of 38.5% from the December 15th total of 194,844 shares. Currently, 3.6% of the company’s stock are sold short. Based on an average trading volume of 151,717 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 151,717 shares, the short-interest ratio is presently 0.8 days. Currently, 3.6% of the company’s stock are sold short.

Clean Energy Technologies Trading Down 10.4%

NASDAQ CETY opened at $0.90 on Friday. Clean Energy Technologies has a 12 month low of $0.70 and a 12 month high of $11.20. The stock has a 50 day moving average of $1.06 and a 200-day moving average of $2.54. The company has a market cap of $4.83 million, a PE ratio of -0.74 and a beta of -1.41.

Clean Energy Technologies (NASDAQ:CETY – Get Free Report) last posted its quarterly earnings results on Wednesday, November 19th. The company reported ($0.47) earnings per share (EPS) for the quarter. The firm had revenue of $0.77 million for the quarter. Clean Energy Technologies had a negative return on equity of 84.63% and a negative net margin of 192.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CETY shares. Wall Street Zen raised shares of Clean Energy Technologies to a “sell” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Clean Energy Technologies in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

View Our Latest Analysis on CETY

Hedge Funds Weigh In On Clean Energy Technologies

A hedge fund recently bought a new stake in Clean Energy Technologies stock. SG Americas Securities LLC purchased a new stake in shares of Clean Energy Technologies, Inc. (NASDAQ:CETY – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 44,633 shares of the company’s stock, valued at approximately $32,000. SG Americas Securities LLC owned about 0.84% of Clean Energy Technologies at the end of the most recent reporting period. 0.49% of the stock is owned by institutional investors and hedge funds.

Clean Energy Technologies Company Profile

(Get Free Report)

Clean Energy Technologies, Inc (NASDAQ: CETY) is an energy technology company focused on the design, development and operation of renewable natural gas (RNG) systems. By deploying anaerobic digestion solutions, the company captures methane emissions from agricultural and organic waste streams and upgrades it into pipeline-quality RNG. This process not only reduces greenhouse gas emissions but also provides a sustainable energy alternative that can be used in utility gas grids, heavy-duty transportation and industrial applications.

The company offers a turnkey service model that spans project feasibility, engineering, equipment supply, construction management, financing and ongoing operations and maintenance.

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