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

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 160,087 shares, a growth of 118.1% from the August 15th total of 73,389 shares. Based on an average trading volume of 52,650 shares, the days-to-cover ratio is currently 3.0 days. Currently, 30.8% of the company’s stock are sold short.

Defiance Daily Target 2X Long ANET ETF Trading Down 12.0%

NASDAQ:ANEL traded down $3.21 during midday trading on Monday, reaching $23.54. The company had a trading volume of 20,412 shares, compared to its average volume of 153,180. Defiance Daily Target 2X Long ANET ETF has a 12-month low of $11.38 and a 12-month high of $31.74. The stock’s fifty day simple moving average is $24.14 and its 200-day simple moving average is $20.27.

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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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