Clean Energy Technologies, Inc. (NASDAQ:CETY) Short Interest Down 65.9% in March

Clean Energy Technologies, Inc. (NASDAQ:CETY) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 57,878 shares, a drop of 65.9% from the February 26th total of 169,840 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 149,761 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

A number of research firms have commented on CETY. Wall Street Zen upgraded shares of Clean Energy Technologies to a “sell” rating in a research note on Saturday, December 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Clean Energy Technologies in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of Clean Energy Technologies

A hedge fund recently bought a new stake in Clean Energy Technologies stock. SG Americas Securities LLC acquired a new stake in Clean Energy Technologies, Inc. (NASDAQ:CETY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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 at the end of the most recent reporting period. 0.49% of the stock is currently owned by institutional investors.

Clean Energy Technologies Stock Up 16.3%

Shares of Clean Energy Technologies stock traded up $0.12 on Friday, reaching $0.89. The stock had a trading volume of 811,153 shares, compared to its average volume of 704,290. The company has a 50 day moving average price of $0.78 and a 200 day moving average price of $1.58. The stock has a market capitalization of $4.72 million, a P/E ratio of -0.72 and a beta of -1.30. Clean Energy Technologies has a 1 year low of $0.46 and a 1 year high of $7.94.

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.