Clean Energy Technologies, Inc. (NASDAQ:CETY) Sees Large Decrease in Short Interest

Clean Energy Technologies, Inc. (NASDAQ:CETY) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 119,905 shares, a drop of 38.5% from the December 15th total of 194,844 shares. Based on an average daily volume of 151,717 shares, the short-interest ratio is presently 0.8 days. Currently, 3.6% of the company’s shares are sold short. Currently, 3.6% of the company’s shares are sold short. Based on an average daily volume of 151,717 shares, the short-interest ratio is presently 0.8 days.

Clean Energy Technologies Stock Performance

Clean Energy Technologies stock traded down $0.09 during trading on Friday, reaching $0.92. The company had a trading volume of 205,150 shares, compared to its average volume of 226,124. Clean Energy Technologies has a 12-month low of $0.70 and a 12-month high of $11.20. The stock’s 50 day moving average price is $1.07 and its two-hundred day moving average price is $2.55. The firm has a market capitalization of $4.91 million, a price-to-earnings ratio of -0.75 and a beta of -1.41.

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

Analyst Upgrades and Downgrades

CETY has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Clean Energy Technologies in a research note on Wednesday, October 8th. Wall Street Zen upgraded Clean Energy Technologies to a “sell” rating in a report on Saturday, December 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On 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) during the 4th quarter, according to its most recent disclosure with the Securities and 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 and hedge funds.

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.