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

Alternus Clean Energy Inc (NASDAQ:ALCEGet Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 27,600 shares, a drop of 38.0% from the October 15th total of 44,500 shares. Currently, 5.9% of the shares of the company are short sold. Based on an average daily trading volume, of 203,400 shares, the days-to-cover ratio is presently 0.1 days.

Alternus Clean Energy Stock Performance

NASDAQ ALCE opened at $1.75 on Friday. The business has a 50 day simple moving average of $3.27 and a two-hundred day simple moving average of $6.43. Alternus Clean Energy has a 1-year low of $1.63 and a 1-year high of $272.25.

Alternus Clean Energy (NASDAQ:ALCEGet Free Report) last issued its quarterly earnings results on Monday, August 26th. The company reported ($2.50) earnings per share (EPS) for the quarter. The company had revenue of $3.85 million during the quarter.

Alternus Clean Energy Company Profile

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Alternus Energy Group Plc operates as an international vertically integrated independent power producer. It owns, develops, installs, and operates midsized utility scale solar parks. The company was incorporated in 2019 and is headquartered in Dublin, Ireland.

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