Short Interest in Clean Energy Technologies, Inc. (NASDAQ:CETY) Drops By 37.4%

Clean Energy Technologies, Inc. (NASDAQ:CETY) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 33,169 shares, a decrease of 37.4% from the June 30th total of 53,015 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 36,613 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Clean Energy Technologies

A hedge fund recently bought a new position in Clean Energy Technologies stock. SG Americas Securities LLC purchased a new position in shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) during the fourth quarter, according to its most recent 13F filing with the Securities & 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 at the end of the most recent quarter. 0.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Clean Energy Technologies in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Clean Energy Technologies Trading Up 4.8%

NASDAQ:CETY traded up $0.04 during trading hours on Thursday, hitting $0.96. 24,326 shares of the stock were exchanged, compared to its average volume of 331,387. The firm’s fifty day moving average price is $0.84 and its 200 day moving average price is $0.82. Clean Energy Technologies has a 52-week low of $0.46 and a 52-week high of $5.01. The company has a market cap of $11.70 million, a P/E ratio of -0.68 and a beta of -1.52.

Clean Energy Technologies (NASDAQ:CETY) last released its earnings results on Monday, July 27th. The company reported ($0.05) earnings per share for the quarter. The firm had revenue of $0.78 million during the quarter. Clean Energy Technologies had a negative net margin of 263.45% and a negative return on equity of 94.40%.

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.