Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) Sees Large Growth in Short Interest

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL – Get Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 73,389 shares, an increase of 54.6% from the July 30th total of 47,481 shares. Approximately 14.1% of the shares of the stock are short sold. Based on an average daily volume of 172,785 shares, the days-to-cover ratio is presently 0.4 days.

Defiance Daily Target 2X Long ANET ETF Trading Down 5.5%

Shares of ANEL stock traded down $1.44 on Tuesday, reaching $24.53. The company had a trading volume of 10,111 shares, compared to its average volume of 158,843. Defiance Daily Target 2X Long ANET ETF has a one year low of $11.38 and a one year high of $31.74. The firm has a 50-day simple moving average of $23.20.

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Anellotech, Inc is a clean-technology company that develops and commercializes processes to produce renewable chemicals from non-food biomass. The company’s core focus is on delivering bio-based aromatic hydrocarbons — including benzene, toluene and xylene (BTX) — that can be used as drop-in replacements for petrochemical feedstocks in the production of plastics, nylons and other industrial chemicals. Anellotech positions its offerings toward customers looking for lower-carbon alternatives to conventional petroleum-derived chemicals.

At the center of Anellotech’s business is a proprietary catalytic fast pyrolysis (CFP) approach that thermally converts lignocellulosic biomass and other non-food feedstocks into an aromatic-rich vapour stream, which is then catalytically upgraded to produce target molecules.

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