Short Interest in Clean Energy Technologies, Inc. (NASDAQ:CETY) Declines By 66.7%
by Doug Wharley · The Cerbat GemClean Energy Technologies, Inc. (NASDAQ:CETY – Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 19,273 shares, a decline of 66.7% from the March 15th total of 57,878 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 193,447 shares, the days-to-cover ratio is presently 0.1 days.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Clean Energy Technologies in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Clean Energy Technologies presently has a consensus rating of “Sell”.
View Our Latest Stock Report on Clean Energy Technologies
Hedge Funds Weigh In On Clean Energy Technologies
An institutional investor recently bought a new position in Clean Energy Technologies stock. SG Americas Securities LLC purchased a new position in Clean Energy Technologies, Inc. (NASDAQ:CETY – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission. 0.49% of the stock is currently owned by institutional investors and hedge funds.
Clean Energy Technologies Stock Down 5.7%
CETY stock traded down $0.05 during trading on Friday, reaching $0.80. The stock had a trading volume of 88,311 shares, compared to its average volume of 148,967. Clean Energy Technologies has a one year low of $0.46 and a one year high of $7.80. The company’s 50 day moving average is $0.80 and its two-hundred day moving average is $1.36. The company has a market capitalization of $4.27 million, a price-to-earnings ratio of -0.66 and a beta of -1.32.
Clean Energy Technologies Company Profile
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.