Clean Energy Technologies, Inc. (NASDAQ:CETY) Short Interest Update

Clean Energy Technologies, Inc. (NASDAQ:CETY) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 160,165 shares, an increase of 95.2% from the January 29th total of 82,042 shares. Approximately 4.8% of the company’s shares are short sold. Based on an average daily volume of 988,123 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 988,123 shares, the days-to-cover ratio is presently 0.2 days. Approximately 4.8% of the company’s shares are short sold.

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) in the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 reporting period. Institutional investors and hedge funds own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CETY. Wall Street Zen raised shares of Clean Energy Technologies to a “sell” rating in a research note on Saturday, December 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Clean Energy Technologies in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Clean Energy Technologies Stock Performance

CETY stock opened at $0.81 on Friday. The firm has a 50 day moving average price of $0.75 and a 200-day moving average price of $1.95. Clean Energy Technologies has a 52-week low of $0.46 and a 52-week high of $11.20. The firm has a market capitalization of $4.31 million, a price-to-earnings ratio of -0.66 and a beta of -1.30.

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.