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 decline in short interest during the month of July. As of July 15th, there was short interest totaling 33,169 shares, a decline 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 volume of 36,613 shares, the short-interest ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Clean Energy Technologies in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Clean Energy Technologies

A hedge fund recently bought a new position in Clean Energy Technologies stock. SG Americas Securities LLC acquired a new stake in Clean Energy Technologies, Inc. (NASDAQ:CETY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.49% of the company’s stock.

Clean Energy Technologies Stock Performance

Shares of CETY stock traded up $0.04 on Thursday, hitting $0.96. 24,326 shares of the stock traded hands, compared to its average volume of 331,387. Clean Energy Technologies has a twelve month low of $0.46 and a twelve month high of $5.01. The firm’s 50-day moving average price is $0.84 and its two-hundred day moving average price is $0.82. The stock has a market capitalization of $11.70 million, a PE ratio of -0.68 and a beta of -1.52.

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

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.