Alternus Clean Energy Inc (NASDAQ:ALCE) Sees Significant Increase in Short Interest

Alternus Clean Energy Inc (NASDAQ:ALCE) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 76,800 shares, an increase of 119.4% from the January 15th total of 35,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the short-interest ratio is currently 0.1 days. Approximately 4.1% of the company’s shares are sold short.

Alternus Clean Energy Trading Down 74.3 %

ALCE opened at $0.06 on Thursday. The business’s 50-day moving average price is $0.66 and its 200-day moving average price is $2.74. Alternus Clean Energy has a 12 month low of $0.06 and a 12 month high of $23.93.

About Alternus Clean Energy

Alternus Clean Energy, Inc operates as a power producer. It develops, installs, owns and operates utility scale solar parks in America and Europe. It operates through the United States and Europe geographical segments. The company was founded by Vincent Browne in 2017 and is headquartered in New York, NY.