Fuel Tech, Inc. (NASDAQ:FTEK) Short Interest Up 127.9% in December

Fuel Tech, Inc. (NASDAQ:FTEKGet Free Report) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 142,000 shares, a growth of 127.9% from the December 15th total of 62,300 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 122,700 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fuel Tech stock. Renaissance Technologies LLC increased its stake in Fuel Tech, Inc. (NASDAQ:FTEKFree Report) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 874,618 shares of the industrial products company’s stock after purchasing an additional 44,512 shares during the period. Renaissance Technologies LLC owned approximately 2.88% of Fuel Tech worth $936,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 20.94% of the company’s stock.

Fuel Tech Price Performance

Shares of FTEK traded down $0.03 during midday trading on Tuesday, hitting $0.99. 443,858 shares of the company traded hands, compared to its average volume of 152,082. The stock has a 50-day moving average of $1.04 and a 200-day moving average of $1.03. Fuel Tech has a one year low of $0.91 and a one year high of $1.34. The firm has a market cap of $30.35 million, a P/E ratio of -49.43 and a beta of 4.10.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Fuel Tech in a report on Monday. They issued a “hold” rating on the stock.

View Our Latest Research Report on FTEK

Fuel Tech Company Profile

(Get Free Report)

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The company operates through Air Pollution Control Technology and FUEL CHEM Technology segments. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT and HERT selective non-catalytic reduction systems; selective catalytic reduction systems comprising ammonia injection grid, and graduated straightening grid systems; I-NOx systems; ESP Processes and Services; ULTRA technology; and flue gas conditioning systems.

Read More

Receive News & Ratings for Fuel Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fuel Tech and related companies with MarketBeat.com's FREE daily email newsletter.