Clean Energy Fuels Corp (NASDAQ:CLNE) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 2,780,500 shares, an increase of 8.8% from the July 31st total of 2,555,800 shares. Based on an average daily trading volume, of 755,500 shares, the days-to-cover ratio is presently 3.7 days. Currently, 1.9% of the company’s shares are short sold.

A number of brokerages have recently commented on CLNE. BidaskClub upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Finally, Zacks Investment Research downgraded shares of Clean Energy Fuels from a “buy” rating to a “hold” rating in a report on Thursday, July 25th.

Several hedge funds and other institutional investors have recently modified their holdings of CLNE. Dimensional Fund Advisors LP grew its holdings in Clean Energy Fuels by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,696,552 shares of the utilities provider’s stock valued at $18,398,000 after purchasing an additional 232,198 shares during the period. Renaissance Technologies LLC grew its holdings in Clean Energy Fuels by 16.7% in the second quarter. Renaissance Technologies LLC now owns 9,760,232 shares of the utilities provider’s stock valued at $26,060,000 after purchasing an additional 1,399,300 shares during the period. Nuveen Asset Management LLC purchased a new stake in Clean Energy Fuels in the second quarter valued at approximately $6,113,000. Charles Schwab Investment Management Inc. grew its holdings in Clean Energy Fuels by 15.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 805,050 shares of the utilities provider’s stock valued at $2,150,000 after purchasing an additional 106,843 shares during the period. Finally, Morgan Stanley grew its holdings in Clean Energy Fuels by 2.2% in the second quarter. Morgan Stanley now owns 536,545 shares of the utilities provider’s stock valued at $1,432,000 after purchasing an additional 11,662 shares during the period. Institutional investors and hedge funds own 29.21% of the company’s stock.

Shares of NASDAQ CLNE traded up $0.17 during midday trading on Monday, reaching $2.30. 22,014 shares of the stock were exchanged, compared to its average volume of 638,052. The company has a market capitalization of $462.65 million, a P/E ratio of -38.33 and a beta of 1.99. Clean Energy Fuels has a 52-week low of $1.61 and a 52-week high of $3.47. The company has a current ratio of 1.80, a quick ratio of 1.52 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $2.23 and a 200-day moving average price of $2.65.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $72.32 million during the quarter. Clean Energy Fuels had a negative net margin of 6.29% and a negative return on equity of 4.46%. On average, analysts forecast that Clean Energy Fuels will post -0.12 earnings per share for the current year.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.

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