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

Clean Energy Technologies, Inc. (NASDAQ:CETY) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 194,844 shares, a decrease of 85.1% from the November 30th total of 1,304,462 shares. Based on an average daily volume of 759,942 shares, the short-interest ratio is presently 0.3 days. Currently, 5.8% of the company’s shares are sold short. Currently, 5.8% of the company’s shares are sold short. Based on an average daily volume of 759,942 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CETY shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Clean Energy Technologies in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Clean Energy Technologies to a “sell” rating in a report on Saturday, December 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Clean Energy Technologies Price Performance

CETY traded down $0.02 during mid-day trading on Friday, hitting $0.86. The stock had a trading volume of 51,805 shares, compared to its average volume of 1,558,610. The stock’s fifty day simple moving average is $1.50 and its 200-day simple moving average is $2.89. The firm has a market capitalization of $4.57 million, a price-to-earnings ratio of -0.70 and a beta of -1.04. Clean Energy Technologies has a 1-year low of $0.81 and a 1-year high of $11.20.

Clean Energy Technologies (NASDAQ:CETY) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($0.47) earnings per share (EPS) for the quarter. The firm had revenue of $0.77 million during the quarter. Clean Energy Technologies had a negative net margin of 192.29% and a negative return on equity of 84.63%.

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.