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

Clean Energy Technologies, Inc. (NASDAQ:CETY) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 85,100 shares, a decrease of 17.5% from the July 15th total of 103,200 shares. Based on an average daily trading volume, of 34,600 shares, the short-interest ratio is currently 2.5 days. Currently, 0.5% of the company’s stock are short sold.

Clean Energy Technologies Stock Up 21.9 %

Clean Energy Technologies stock traded up $0.19 during mid-day trading on Friday, reaching $1.07. 34,751 shares of the company’s stock were exchanged, compared to its average volume of 16,783. Clean Energy Technologies has a twelve month low of $0.45 and a twelve month high of $2.39. The company has a market cap of $45.94 million, a P/E ratio of -7.13 and a beta of 0.37. The company has a fifty day moving average of $1.21 and a 200-day moving average of $1.15.

Clean Energy Technologies (NASDAQ:CETY) last posted its quarterly earnings data on Monday, May 20th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $1.51 million for the quarter. Clean Energy Technologies had a negative return on equity of 112.23% and a negative net margin of 43.74%.

Institutional Investors Weigh In On Clean Energy Technologies

A hedge fund recently bought a new stake in Clean Energy Technologies stock. Lwmg LLC acquired a new position in shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,405,719 shares of the company’s stock, valued at approximately $1,856,000. Clean Energy Technologies makes up approximately 0.4% of Lwmg LLC’s holdings, making the stock its 26th biggest position. Lwmg LLC owned approximately 3.27% 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.

About Clean Energy Technologies

Clean Energy Technologies, Inc designs, produces, and markets clean energy products and integrated solutions that focuses on energy efficiency and renewable energy in the United States. It operates through four segments: Clean Energy HRS and CETY Europe, CETY Renewables Waste to Energy Solutions, engineering and Manufacturing Business, and CETY HK.