CEA Industries Inc. (NASDAQ:BNC) Short Interest Update

CEA Industries Inc. (NASDAQ:BNC) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,742,941 shares, an increase of 179.2% from the August 31st total of 982,547 shares. Currently, 6.8% of the shares of the company are sold short. Based on an average daily trading volume, of 8,377,677 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of CEA Industries from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 19th. Weiss Ratings upgraded shares of CEA Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, CEA Industries has a consensus rating of “Hold”.

Institutional Investors Weigh In On CEA Industries

Several institutional investors and hedge funds have recently bought and sold shares of BNC. BTG Pactual Asset Management US LLC acquired a new stake in shares of CEA Industries during the 2nd quarter worth about $1,077,000. Arrington Capital Management LLC acquired a new position in CEA Industries during the fourth quarter valued at approximately $2,058,000. Saba Capital Management L.P. raised its position in shares of CEA Industries by 3.5% during the first quarter. Saba Capital Management L.P. now owns 1,143,533 shares of the company’s stock worth $3,339,000 after purchasing an additional 38,242 shares during the period. Aristides Capital LLC bought a new stake in CEA Industries in the 4th quarter valued at $187,000. Finally, Weiss Asset Management LP acquired a new position in CEA Industries in the 1st quarter worth $43,000.

CEA Industries Trading Down 2.4%

CEA Industries stock traded down $0.15 during midday trading on Friday, reaching $6.11. 705,296 shares of the stock traded hands, compared to its average volume of 5,443,796. The firm has a market cap of $251.55 million, a price-to-earnings ratio of 1.10 and a beta of 0.61. The firm has a fifty day moving average price of $3.55 and a two-hundred day moving average price of $3.08. CEA Industries has a fifty-two week low of $1.84 and a fifty-two week high of $12.00.

CEA Industries (NASDAQ:BNC) last posted its quarterly earnings data on Tuesday, June 23rd. The company reported $6.20 earnings per share for the quarter. The company had revenue of $7.35 million during the quarter. CEA Industries had a net margin of 362.26% and a return on equity of 64.29%.

CEA Industries Company Profile

CEA Industries Inc (NASDAQ:BNC) is a holding company focused on the cannabis industry. The company seeks to acquire, develop and support consumer brands and operating businesses serving cannabis markets.

Rather than focusing on a single product, CEA Industries’ strategy is centered on building a portfolio of cannabis-related businesses. Its activities may include identifying acquisition opportunities, providing strategic support to portfolio companies and developing brands intended for regulated cannabis consumers.

The company has historically been associated with controlled-environment agriculture, including technologies and products used in indoor and greenhouse cultivation.