Short Interest in Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) Grows By 350.1%

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 97,969 shares, a growth of 350.1% from the June 30th total of 21,764 shares. Approximately 18.1% of the company’s shares are short sold. Based on an average daily volume of 199,389 shares, the short-interest ratio is currently 0.5 days.

Defiance Daily Target 2X Long ANET ETF Stock Down 3.8%

NASDAQ:ANEL opened at $20.73 on Tuesday. Defiance Daily Target 2X Long ANET ETF has a fifty-two week low of $11.38 and a fifty-two week high of $26.97. The company’s 50 day moving average is $20.44.

Anellotech, Inc is a clean-technology company that develops and commercializes processes to produce renewable chemicals from non-food biomass. The company’s core focus is on delivering bio-based aromatic hydrocarbons — including benzene, toluene and xylene (BTX) — that can be used as drop-in replacements for petrochemical feedstocks in the production of plastics, nylons and other industrial chemicals. Anellotech positions its offerings toward customers looking for lower-carbon alternatives to conventional petroleum-derived chemicals.

At the center of Anellotech’s business is a proprietary catalytic fast pyrolysis (CFP) approach that thermally converts lignocellulosic biomass and other non-food feedstocks into an aromatic-rich vapour stream, which is then catalytically upgraded to produce target molecules.