Short Interest in Clean Energy Technologies, Inc. (NASDAQ:CETY) Decreases By 15.2%

Posted by Samantha Reynolds on Oct 31st, 2024

Clean Energy Technologies, Inc. (NASDAQ:CETY – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 81,400 shares, a decline of 15.2% from the September 30th total of 96,000 shares. Based on an average trading volume of 19,700 shares, the days-to-cover ratio is currently 4.1 days. Currently, 0.5% of the shares of the stock are short sold.

Clean Energy Technologies Trading Up 7.1 %

CETY stock opened at $0.73 on Thursday. The stock has a market capitalization of $32.45 million, a P/E ratio of -4.85 and a beta of 0.33. The firm has a 50-day moving average price of $0.94 and a 200-day moving average price of $1.16. Clean Energy Technologies has a 12 month low of $0.45 and a 12 month high of $2.39.

Clean Energy Technologies (NASDAQ:CETY – Get Free Report) last issued its quarterly earnings data on Monday, August 19th. The company reported ($0.02) EPS for the quarter. The company had revenue of $0.20 million during the quarter. Clean Energy Technologies had a negative net margin of 66.61% and a negative return on equity of 120.10%.

Institutional Investors Weigh In On Clean Energy Technologies

An institutional investor recently bought a new position in Clean Energy Technologies stock. Lwmg LLC bought a new position in Clean Energy Technologies, Inc. (NASDAQ:CETY – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,405,719 shares of the company’s stock, valued at approximately $1,856,000. Clean Energy Technologies makes up about 0.4% of Lwmg LLC’s investment portfolio, making the stock its 26th largest holding. Lwmg LLC owned 3.27% of Clean Energy Technologies at the end of the most recent quarter. Institutional investors and hedge funds own 0.49% of the company’s stock.

Clean Energy Technologies Company Profile

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Clean Energy Technologies, Inc designs, produces, and markets clean energy products and integrated solutions that focuses on energy efficiency and renewable energy in the United States. It operates through four segments: Clean Energy HRS and CETY Europe, CETY Renewables Waste to Energy Solutions, engineering and Manufacturing Business, and CETY HK.