Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) Stock Short Interest Climbs 227.1%

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 32,834 shares, an increase of 227.1% from the September 30th total of 10,039 shares. Currently, 6.2% of the shares of the stock are sold short. Based on an average trading volume of 43,089 shares, the days-to-cover ratio is currently 0.8 days.

Defiance Daily Target 2X Long ANET ETF Stock Performance

Shares of NASDAQ:ANEL opened at $22.32 on Thursday. The company’s fifty day moving average is $25.45 and its 200-day moving average is $21.17. Defiance Daily Target 2X Long ANET ETF has a 52 week low of $11.38 and a 52 week high of $31.74.

Anellotech, Inc is a clean-technology company that develops and commercializes processes to produce renewable chemicals from non-food biomass. The company’s core focus is on delivering bio-based aromatic hydrocarbons — including benzene, toluene and xylene (BTX) — that can be used as drop-in replacements for petrochemical feedstocks in the production of plastics, nylons and other industrial chemicals. Anellotech positions its offerings toward customers looking for lower-carbon alternatives to conventional petroleum-derived chemicals.

At the center of Anellotech’s business is a proprietary catalytic fast pyrolysis (CFP) approach that thermally converts lignocellulosic biomass and other non-food feedstocks into an aromatic-rich vapour stream, which is then catalytically upgraded to produce target molecules.