Fuel Tech Inc (NASDAQ:FTEK) saw a large drop in short interest in June. As of June 30th, there was short interest totalling 189,900 shares, a drop of 32.9% from the May 30th total of 283,100 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 291,600 shares, the days-to-cover ratio is currently 0.7 days.

FTEK has been the subject of a number of research analyst reports. HC Wainwright reiterated a “buy” rating on shares of Zynerba Pharmaceuticals in a report on Monday, March 18th. Zacks Investment Research upgraded shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

Shares of NASDAQ:FTEK traded up $0.05 during trading hours on Friday, hitting $1.42. The company’s stock had a trading volume of 44,683 shares, compared to its average volume of 103,274. Fuel Tech has a 52 week low of $0.96 and a 52 week high of $3.06. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.70 and a quick ratio of 2.64. The firm has a market capitalization of $33.14 million, a P/E ratio of 137.00 and a beta of 1.18. The company’s fifty day moving average is $1.47.

A hedge fund recently raised its stake in Fuel Tech stock. US Bancorp DE grew its holdings in Fuel Tech Inc (NASDAQ:FTEK) by 13.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 243,476 shares of the industrial products company’s stock after purchasing an additional 28,616 shares during the quarter. US Bancorp DE owned approximately 1.01% of Fuel Tech worth $407,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 24.22% of the company’s stock.

About Fuel Tech

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through Air Pollution Control Technology and FUEL CHEM Technology segments. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; advanced selective catalytic reduction systems; NOxOUT CASCADE and NOxOUT-SCR processes; ULTRA technology; ammonia injection grid and graduated straightening grid systems; and flue gas conditioning systems.

Featured Article: Stock Symbol

Receive News & Ratings for Fuel Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fuel Tech and related companies with MarketBeat.com's FREE daily email newsletter.