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

Clean Energy Technologies, Inc. (NASDAQ:CETY) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 82,042 shares, a decrease of 32.4% from the January 15th total of 121,352 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 183,782 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 183,782 shares, the short-interest ratio is currently 0.4 days. Currently, 2.5% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

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

Clean Energy Technologies Trading Down 2.2%

NASDAQ:CETY opened at $0.58 on Monday. The company has a market capitalization of $3.12 million, a P/E ratio of -0.48 and a beta of -1.30. Clean Energy Technologies has a 12 month low of $0.46 and a 12 month high of $11.20. The firm has a fifty day simple moving average of $0.79 and a 200-day simple moving average of $2.15.

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

Institutional Investors Weigh In On Clean Energy Technologies

A hedge fund recently bought a new stake in Clean Energy Technologies stock. SG Americas Securities LLC purchased a new position in Clean Energy Technologies, Inc. (NASDAQ:CETY) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 44,633 shares of the company’s stock, valued at approximately $32,000. SG Americas Securities LLC owned 0.84% of Clean Energy Technologies at the end of the most recent quarter. 0.49% of the stock is owned by hedge funds and other institutional investors.

About Clean Energy Technologies

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.