Clean Energy Technologies, Inc. (NASDAQ:CETY) Sees Significant Increase in Short Interest

Clean Energy Technologies, Inc. (NASDAQ:CETY) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 121,700 shares, a growth of 57.0% from the October 31st total of 77,500 shares. Based on an average daily trading volume, of 75,100 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.7% of the company’s stock are short sold.

Hedge Funds Weigh In On Clean Energy Technologies

An institutional investor recently bought a new position in Clean Energy Technologies stock. Lwmg LLC purchased a new stake in Clean Energy Technologies, Inc. (NASDAQ:CETY) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,405,719 shares of the company’s stock, valued at approximately $1,856,000. Clean Energy Technologies makes up approximately 0.4% of Lwmg LLC’s investment portfolio, making the stock its 26th biggest holding. Lwmg LLC owned about 3.27% of Clean Energy Technologies as of its most recent SEC filing. 0.49% of the stock is currently owned by institutional investors.

Clean Energy Technologies Stock Performance

Clean Energy Technologies stock remained flat at $0.69 during trading on Friday. 24,116 shares of the company were exchanged, compared to its average volume of 194,595. Clean Energy Technologies has a one year low of $0.45 and a one year high of $2.39. The stock has a market capitalization of $31.08 million, a PE ratio of -4.32 and a beta of 0.37. The firm has a 50-day moving average of $0.81 and a 200 day moving average of $1.06.

Clean Energy Technologies Company Profile

Clean Energy Technologies, Inc designs, produces, and markets clean energy products and integrated solutions that focuses on energy efficiency and renewable energy in the United States. It operates through four segments: Clean Energy HRS and CETY Europe, CETY Renewables Waste to Energy Solutions, engineering and Manufacturing Business, and CETY HK.