Clean Energy Technologies, Inc. (NASDAQ:CETY) Short Interest Down 65.9% in March

Clean Energy Technologies, Inc. (NASDAQ:CETY) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 57,878 shares, a decline of 65.9% from the February 26th total of 169,840 shares. Based on an average daily volume of 149,761 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.7% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CETY shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Clean Energy Technologies in a research report on Wednesday, January 21st. Wall Street Zen raised Clean Energy Technologies to a “sell” rating in a research report on Saturday, December 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Clean Energy Technologies presently has an average rating of “Sell”.

Clean Energy Technologies Trading Down 0.1%

NASDAQ:CETY opened at $0.83 on Thursday. The company has a market cap of $4.44 million, a PE ratio of -0.68 and a beta of -1.30. The company has a 50 day simple moving average of $0.79 and a two-hundred day simple moving average of $1.60. Clean Energy Technologies has a 12 month low of $0.46 and a 12 month high of $8.55.

Institutional Trading of Clean Energy Technologies

A hedge fund recently bought a new stake in Clean Energy Technologies stock. SG Americas Securities LLC acquired a new stake in shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,633 shares of the company’s stock, valued at approximately $32,000. SG Americas Securities LLC owned about 0.84% of Clean Energy Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.49% of the company’s stock.

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.