Fuel Tech, Inc. (NASDAQ:FTEK) Short Interest Up 127.9% in January

Fuel Tech, Inc. (NASDAQ:FTEK) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 142,000 shares, a growth of 127.9% from the December 31st total of 62,300 shares. Based on an average daily trading volume, of 122,700 shares, the short-interest ratio is presently 1.2 days. Approximately 0.6% of the shares of the company are short sold.

Fuel Tech Trading Down 0.6 %

Shares of FTEK stock traded down $0.01 on Friday, hitting $0.99. 6,484 shares of the stock were exchanged, compared to its average volume of 122,669. The firm’s 50 day moving average is $1.03 and its two-hundred day moving average is $1.02. Fuel Tech has a one year low of $0.91 and a one year high of $1.34. The firm has a market capitalization of $30.40 million, a PE ratio of -49.50 and a beta of 4.10.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Fuel Tech in a report on Wednesday. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On Fuel Tech

A hedge fund recently raised its stake in Fuel Tech stock. Renaissance Technologies LLC increased its position in Fuel Tech, Inc. (NASDAQ:FTEK) by 5.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 874,618 shares of the industrial products company’s stock after acquiring an additional 44,512 shares during the quarter. Renaissance Technologies LLC owned about 2.88% of Fuel Tech worth $936,000 at the end of the most recent quarter. 20.94% of the stock is owned by hedge funds and other institutional investors.

Fuel Tech Company Profile

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The company operates through Air Pollution Control Technology and FUEL CHEM Technology segments. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT and HERT selective non-catalytic reduction systems; selective catalytic reduction systems comprising ammonia injection grid, and graduated straightening grid systems; I-NOx systems; ESP Processes and Services; ULTRA technology; and flue gas conditioning systems.