Aduro Clean Technologies Inc. (NASDAQ:ADUR) Short Interest Update

by · The Cerbat Gem

Aduro Clean Technologies Inc. (NASDAQ:ADUR – Get Free Report) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 1,853,758 shares, a growth of 47.4% from the December 31st total of 1,257,909 shares. Based on an average daily volume of 764,133 shares, the days-to-cover ratio is currently 2.4 days. Approximately 6.1% of the company’s stock are short sold. Approximately 6.1% of the company’s stock are short sold. Based on an average daily volume of 764,133 shares, the days-to-cover ratio is currently 2.4 days.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. D. Boral Capital reissued a “buy” rating and issued a $46.00 price target on shares of Aduro Clean Technologies in a research report on Monday, November 24th. LADENBURG THALM/SH SH began coverage on shares of Aduro Clean Technologies in a research note on Friday, November 21st. They issued a “buy” rating and a $19.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Wednesday, January 21st. Finally, Zacks Research raised shares of Aduro Clean Technologies to a “hold” rating in a research report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.50.

Check Out Our Latest Stock Report on Aduro Clean Technologies

Aduro Clean Technologies Trading Down 9.7%

Aduro Clean Technologies stock opened at $12.98 on Monday. The business’s 50 day simple moving average is $12.75 and its 200 day simple moving average is $12.66. Aduro Clean Technologies has a 12 month low of $3.49 and a 12 month high of $17.66. The company has a market cap of $397.59 million, a price-to-earnings ratio of -28.22 and a beta of 3.41.

Aduro Clean Technologies (NASDAQ:ADUR – Get Free Report) last issued its earnings results on Thursday, January 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.01. The firm had revenue of $0.09 million for the quarter, compared to analyst estimates of $0.05 million. Aduro Clean Technologies had a negative return on equity of 129.57% and a negative net margin of 6,393.09%.

Hedge Funds Weigh In On Aduro Clean Technologies

Several large investors have recently modified their holdings of the business. Simplex Trading LLC bought a new stake in shares of Aduro Clean Technologies in the second quarter valued at approximately $40,000. Geode Capital Management LLC purchased a new position in Aduro Clean Technologies in the 2nd quarter valued at approximately $172,000. Copperleaf Capital LLC bought a new stake in Aduro Clean Technologies during the 2nd quarter valued at $233,000. Diametric Capital LP purchased a new stake in shares of Aduro Clean Technologies during the second quarter worth $345,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Aduro Clean Technologies by 21,000.0% in the second quarter. NewEdge Advisors LLC now owns 21,100 shares of the company’s stock worth $189,000 after acquiring an additional 21,000 shares during the period.

About Aduro Clean Technologies

(Get Free Report)

Aduro Clean Technologies, Inc is a development‐stage clean energy company that designs, develops and seeks to commercialize modular process systems for the production and purification of hydrogen. Listed on the Nasdaq under the ticker ADUR, the company focuses on low‐emission solutions to support the emerging hydrogen economy, including renewable fuel applications, energy storage and industrial gas supply. Aduro Clean Technologies aims to address the growing demand for high‐purity hydrogen across mobility, power generation and chemical processing sectors.

The company’s core technologies include its H2-Conductor platform, a membrane‐based system engineered to separate and purify hydrogen from mixed gas streams, and its H2-Integrate suite of modular reactors capable of producing hydrogen from various feedstocks.

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