Clean Energy Technologies, Inc. (NASDAQ:CETY) Sees Significant Drop in Short Interest

Clean Energy Technologies, Inc. (NASDAQ:CETY) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 33,169 shares, a decrease of 37.4% from the June 30th total of 53,015 shares. Based on an average trading volume of 36,613 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Clean Energy Technologies

An institutional investor recently bought a new stake in Clean Energy Technologies stock. SG Americas Securities LLC bought a new stake in Clean Energy Technologies, Inc. (NASDAQ:CETY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 44,633 shares of the company’s stock, valued at approximately $32,000. SG Americas Securities LLC owned 0.84% of Clean Energy Technologies as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

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

Clean Energy Technologies Stock Performance

Shares of CETY stock opened at $0.91 on Friday. The company has a market capitalization of $11.07 million, a price-to-earnings ratio of -0.65 and a beta of -1.52. Clean Energy Technologies has a one year low of $0.46 and a one year high of $5.01. The company’s 50-day moving average is $0.85 and its 200 day moving average is $0.82.

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 net margin of 263.45% and a negative return on equity of 94.40%. The business had revenue of $0.78 million during the quarter.

About Clean Energy Technologies

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.