Fuel Tech, Inc. (NASDAQ:FTEK) Short Interest Update

Fuel Tech, Inc. (NASDAQ:FTEK) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 170,284 shares, a decline of 39.9% from the December 31st total of 283,130 shares. Based on an average trading volume of 137,719 shares, the short-interest ratio is presently 1.2 days. Approximately 0.6% of the shares of the stock are short sold. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 137,719 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of Fuel Tech

Institutional investors have recently made changes to their positions in the stock. Mercuria Capital Strategies LLC bought a new position in Fuel Tech during the third quarter valued at approximately $720,000. Vanguard Group Inc. lifted its holdings in Fuel Tech by 7.7% in the third quarter. Vanguard Group Inc. now owns 1,013,864 shares of the industrial products company’s stock valued at $3,042,000 after acquiring an additional 72,895 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Fuel Tech during the 3rd quarter valued at about $163,000. Boothbay Fund Management LLC purchased a new stake in Fuel Tech during the third quarter valued at approximately $124,000. Finally, GSA Capital Partners LLP bought a new position in Fuel Tech in the third quarter worth approximately $109,000. Hedge funds and other institutional investors own 20.94% of the company’s stock.

Wall Street Analysts Forecast Growth

FTEK has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fuel Tech in a research note on Wednesday. Wall Street Zen upgraded shares of Fuel Tech from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.00.

Fuel Tech Stock Up 2.3%

NASDAQ:FTEK opened at $1.38 on Friday. Fuel Tech has a 52 week low of $0.87 and a 52 week high of $3.65. The stock has a market cap of $42.91 million, a price-to-earnings ratio of -15.34 and a beta of 0.95. The company’s 50 day moving average price is $1.64 and its 200-day moving average price is $2.39.

Fuel Tech (NASDAQ:FTEK) last issued its earnings results on Tuesday, November 4th. The industrial products company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Fuel Tech had a negative return on equity of 7.29% and a negative net margin of 12.17%.The business had revenue of $7.49 million for the quarter, compared to the consensus estimate of $9.39 million. As a group, sell-side analysts anticipate that Fuel Tech will post -0.03 earnings per share for the current year.

Fuel Tech Company Profile

Fuel Tech, Inc (NASDAQ: FTEK) is a specialty technology and engineering company focused on developing and supplying clean air solutions for the power generation and industrial markets. The company designs, manufactures and markets proprietary chemical reagents and process control systems that help customers reduce emissions of nitrogen oxides (NOx), mercury and other air pollutants. Its technology platform combines advanced process modeling, plant optimization software and field testing services to help utilities and industrial facilities comply with environmental regulations and improve operational efficiency.

Fuel Tech’s core product lines include selective catalytic reduction (SCR) optimization systems, activated carbon injection solutions for mercury capture, and sorbent enhancement additives for flue gas desulfurization processes.