Clean Energy Technologies, Inc. (NASDAQ:CETY) Sees Large Increase in Short Interest

Clean Energy Technologies, Inc. (NASDAQ:CETY) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 59,245 shares, an increase of 364.7% from the May 31st total of 12,748 shares. Based on an average daily volume of 104,030 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.8% of the company’s stock are sold short.

Clean Energy Technologies Trading Down 1.8%

NASDAQ:CETY traded down $0.01 during mid-day trading on Friday, hitting $0.81. The stock had a trading volume of 20,229 shares, compared to its average volume of 73,375. The stock has a 50-day simple moving average of $0.80 and a two-hundred day simple moving average of $0.81. The company has a market capitalization of $9.92 million, a PE ratio of -0.54 and a beta of -1.49. Clean Energy Technologies has a twelve month low of $0.46 and a twelve month high of $5.01.

Institutional Investors Weigh In On Clean Energy Technologies

A hedge fund recently bought a new stake in Clean Energy Technologies stock. SG Americas Securities LLC bought a new position in shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,633 shares of the company’s stock, valued at approximately $32,000. SG Americas Securities LLC owned approximately 0.84% of Clean Energy Technologies at the end of the most recent quarter. 0.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Clean Energy Technologies in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

About Clean Energy Technologies

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.