Short Interest in Alternus Clean Energy Inc (NASDAQ:ALCE) Drops By 7.2%

Alternus Clean Energy Inc (NASDAQ:ALCEGet Free Report) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 374,500 shares, a drop of 7.2% from the May 15th total of 403,500 shares. Approximately 6.1% of the shares of the company are short sold. Based on an average daily volume of 533,200 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Alternus Clean Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bracebridge Capital LLC acquired a new stake in shares of Alternus Clean Energy in the fourth quarter worth $90,000. Kim LLC acquired a new stake in shares of Alternus Clean Energy in the fourth quarter worth $60,000. Finally, Cowen AND Company LLC acquired a new stake in shares of Alternus Clean Energy in the fourth quarter worth $45,000.

Alternus Clean Energy Stock Performance

Shares of ALCE stock opened at $0.38 on Wednesday. Alternus Clean Energy has a 12 month low of $0.29 and a 12 month high of $10.89. The company’s 50 day moving average is $0.36.

Alternus Clean Energy (NASDAQ:ALCEGet Free Report) last announced its quarterly earnings results on Tuesday, May 21st. The company reported ($0.13) EPS for the quarter. The business had revenue of $2.18 million during the quarter.

Alternus Clean Energy Company Profile

(Get Free Report)

Alternus Energy Group Plc operates as an international vertically integrated independent power producer. It owns, develops, installs, and operates midsized utility scale solar parks. The company was incorporated in 2019 and is headquartered in Dublin, Ireland.

Further Reading

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