Clean Energy Fuels Corp. (NASDAQ:CLNE) Short Interest Down 6.1% in August

Clean Energy Fuels Corp. (NASDAQ:CLNE) was the recipient of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 11,940,000 shares, a decrease of 6.1% from the July 31st total of 12,720,000 shares. Currently, 7.3% of the company’s shares are short sold. Based on an average daily volume of 1,740,000 shares, the short-interest ratio is currently 6.9 days.

Institutional Trading of Clean Energy Fuels

A number of institutional investors have recently modified their holdings of CLNE. Dimensional Fund Advisors LP boosted its holdings in shares of Clean Energy Fuels by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,314,636 shares of the utilities provider’s stock valued at $47,167,000 after buying an additional 702,049 shares in the last quarter. SIR Capital Management L.P. boosted its holdings in shares of Clean Energy Fuels by 9.8% in the 2nd quarter. SIR Capital Management L.P. now owns 2,764,529 shares of the utilities provider’s stock valued at $7,381,000 after buying an additional 246,600 shares in the last quarter. Iridian Asset Management LLC CT bought a new stake in shares of Clean Energy Fuels in the 1st quarter valued at about $392,000. SG Americas Securities LLC boosted its holdings in shares of Clean Energy Fuels by 411.7% in the 2nd quarter. SG Americas Securities LLC now owns 149,943 shares of the utilities provider’s stock valued at $400,000 after buying an additional 120,639 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Clean Energy Fuels in the 2nd quarter valued at about $317,000. 49.94% of the stock is currently owned by institutional investors.

Clean Energy Fuels Stock Down 6.1 %

Clean Energy Fuels stock traded down $0.19 during midday trading on Tuesday, hitting $2.90. 963,920 shares of the company’s stock were exchanged, compared to its average volume of 1,650,060. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.82 and a current ratio of 3.17. Clean Energy Fuels has a 12 month low of $2.17 and a 12 month high of $4.93. The firm has a 50-day moving average of $2.77 and a two-hundred day moving average of $2.68. The company has a market cap of $647.95 million, a PE ratio of -8.34 and a beta of 2.15.

Clean Energy Fuels (NASDAQ:CLNE) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.05. Clean Energy Fuels had a negative net margin of 19.61% and a negative return on equity of 8.75%. The company had revenue of $97.95 million for the quarter, compared to analysts’ expectations of $106.45 million. During the same period in the prior year, the business earned ($0.07) EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, analysts expect that Clean Energy Fuels will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CLNE shares. StockNews.com upgraded shares of Clean Energy Fuels to a “sell” rating in a report on Wednesday, August 14th. Scotiabank upped their price target on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.80.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.