Clean Energy Technologies, Inc. (NASDAQ:CETY) Short Interest Down 31.6% in April

Clean Energy Technologies, Inc. (NASDAQ:CETY) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 13,191 shares, a decrease of 31.6% from the March 31st total of 19,273 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 64,598 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Clean Energy Technologies

A hedge fund recently bought a new stake in Clean Energy Technologies stock. SG Americas Securities LLC purchased a new stake in shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 44,633 shares of the company’s stock, valued at approximately $32,000. SG Americas Securities LLC owned approximately 0.84% of Clean Energy Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 0.49% of the company’s stock.

Clean Energy Technologies Trading Down 4.5%

Shares of NASDAQ:CETY traded down $0.04 during midday trading on Thursday, reaching $0.74. 62,079 shares of the company were exchanged, compared to its average volume of 531,683. The stock has a market cap of $3.95 million, a PE ratio of -0.61 and a beta of -1.32. The business’s fifty day moving average is $0.85 and its two-hundred day moving average is $1.09. Clean Energy Technologies has a one year low of $0.46 and a one year high of $7.80.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Clean Energy Technologies in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.