Clean Energy Technologies, Inc. (NASDAQ:CETY – Get Free Report) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 33,169 shares, a drop of 37.4% from the June 30th total of 53,015 shares. Based on an average daily volume of 36,613 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the shares of the stock are sold short.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Clean Energy Technologies in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on Clean Energy Technologies
Hedge Funds Weigh In On Clean Energy Technologies
Clean Energy Technologies Price Performance
CETY traded up $0.01 during midday trading on Friday, reaching $0.91. 14,708 shares of the company’s stock were exchanged, compared to its average volume of 329,312. Clean Energy Technologies has a 1-year low of $0.46 and a 1-year high of $5.01. The stock has a market capitalization of $11.07 million, a PE ratio of -0.65 and a beta of -1.52. The business’s 50-day moving average price is $0.85 and its 200 day moving average price is $0.82.
Clean Energy Technologies (NASDAQ:CETY – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The company reported ($0.05) EPS for the quarter. Clean Energy Technologies had a negative net margin of 263.45% and a negative return on equity of 94.40%. The business had revenue of $0.78 million during the quarter.
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.
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