Fuel Tech, Inc. (NASDAQ:FTEK) Short Interest Update

Fuel Tech, Inc. (NASDAQ:FTEK) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 142,000 shares, an increase of 127.9% from the December 15th total of 62,300 shares. Based on an average trading volume of 122,700 shares, the short-interest ratio is presently 1.2 days. Approximately 0.6% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Fuel Tech

A hedge fund recently raised its stake in Fuel Tech stock. Renaissance Technologies LLC boosted its stake in shares of Fuel Tech, Inc. (NASDAQ:FTEK) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 874,618 shares of the industrial products company’s stock after buying an additional 44,512 shares during the quarter. Renaissance Technologies LLC owned 2.88% of Fuel Tech worth $936,000 as of its most recent SEC filing. Institutional investors own 20.94% of the company’s stock.

Fuel Tech Price Performance

Shares of FTEK traded up $0.02 during mid-day trading on Thursday, reaching $1.01. The stock had a trading volume of 28,043 shares, compared to its average volume of 131,668. The firm has a market cap of $31.02 million, a price-to-earnings ratio of -50.50 and a beta of 4.10. The business’s fifty day moving average is $1.04 and its 200 day moving average is $1.03. Fuel Tech has a 52-week low of $0.91 and a 52-week high of $1.34.

Fuel Tech Company Profile

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.