Short Interest in Clean Energy Technologies, Inc. (NASDAQ:CETY) Rises By 364.7%

Clean Energy Technologies, Inc. (NASDAQ:CETY) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 59,245 shares, an increase of 364.7% from the May 31st total of 12,748 shares. Based on an average trading volume of 104,030 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.8% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Clean Energy Technologies in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Clean Energy Technologies has a consensus rating of “Sell”.

Clean Energy Technologies Trading Up 0.6%

Shares of NASDAQ:CETY opened at $0.81 on Monday. The company has a 50 day moving average of $0.80 and a 200 day moving average of $0.81. The stock has a market cap of $9.92 million, a P/E ratio of -0.54 and a beta of -1.49. Clean Energy Technologies has a 12 month low of $0.46 and a 12 month high of $5.01.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Clean Energy Technologies stock. SG Americas Securities LLC acquired a new stake in shares of Clean Energy Technologies, Inc. (NASDAQ:CETY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 44,633 shares of the company’s stock, valued at approximately $32,000. SG Americas Securities LLC owned 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.

Clean Energy Technologies Company Profile

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.