Fuel Tech Inc (NASDAQ:FTEK) Short Interest Update

Fuel Tech Inc (NASDAQ:FTEK) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 106,300 shares, a decrease of 42.2% from the June 30th total of 183,900 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 152,400 shares, the short-interest ratio is presently 0.7 days.

Several large investors have recently bought and sold shares of the business. Grace & White Inc. NY lifted its position in shares of Fuel Tech by 4.1% during the first quarter. Grace & White Inc. NY now owns 1,486,799 shares of the industrial products company’s stock worth $2,483,000 after acquiring an additional 59,142 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Fuel Tech by 12.7% during the second quarter. Renaissance Technologies LLC now owns 1,101,138 shares of the industrial products company’s stock worth $1,542,000 after acquiring an additional 123,892 shares in the last quarter. US Bancorp DE lifted its position in shares of Fuel Tech by 13.3% during the first quarter. US Bancorp DE now owns 243,476 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 28,616 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Fuel Tech by 1,347.4% during the second quarter. Acadian Asset Management LLC now owns 155,583 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 144,834 shares in the last quarter. Hedge funds and other institutional investors own 24.23% of the company’s stock.

Several equities analysts have weighed in on FTEK shares. ValuEngine lowered Fuel Tech from a “buy” rating to a “hold” rating in a report on Monday, July 29th. TheStreet lowered Fuel Tech from a “c-” rating to a “d+” rating in a report on Thursday, July 25th. Finally, Zacks Investment Research lowered Fuel Tech from a “buy” rating to a “hold” rating in a report on Friday, May 17th.



Shares of NASDAQ:FTEK traded up $0.01 during trading on Tuesday, hitting $1.05. 1,200 shares of the company were exchanged, compared to its average volume of 73,071. The firm has a market cap of $25.88 million, a P/E ratio of 107.00 and a beta of 1.15. The firm’s 50 day moving average is $1.24. Fuel Tech has a 52-week low of $0.98 and a 52-week high of $3.06. The company has a current ratio of 2.70, a quick ratio of 2.64 and a debt-to-equity ratio of 0.03.

Fuel Tech Company Profile

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through Air Pollution Control Technology and FUEL CHEM Technology segments. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; advanced selective catalytic reduction systems; NOxOUT CASCADE and NOxOUT-SCR processes; ULTRA technology; ammonia injection grid and graduated straightening grid systems; and flue gas conditioning systems.

Further Reading: Cost of Goods Sold (COGS)

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