CECO Environmental Corp. (NASDAQ:CECO) Short Interest Update

Key Points

• As of February 27, short interest jumped 34.5% to 2,481,615 shares, equal to 8.4% of shares short and a short-interest ratio of 2.9 days based on average daily volume.
• CECO reported $0.08 EPS for the quarter, missing the $0.43 consensus by $0.35, while revenue beat expectations at $214.69 million, up 35.4% year-over-year.
• Analyst sentiment is largely positive with a consensus rating of "Moderate Buy" (six Buys, two Holds) and an average price target of $78.20.

CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 2,481,615 shares, a growth of 34.5% from the February 12th total of 1,844,834 shares. Currently, 8.4% of the shares of the company are short sold. Based on an average daily trading volume, of 854,664 shares, the short-interest ratio is presently 2.9 days. Based on an average daily trading volume, of 854,664 shares, the short-interest ratio is presently 2.9 days. Currently, 8.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SageView Advisory Group LLC lifted its holdings in shares of CECO Environmental by 1.0% in the second quarter. SageView Advisory Group LLC now owns 29,595 shares of the company's stock worth $838,000 after acquiring an additional 290 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of CECO Environmental by 8.0% during the 4th quarter. ProShare Advisors LLC now owns 5,390 shares of the company's stock valued at $323,000 after purchasing an additional 399 shares during the last quarter. Osaic Holdings Inc. increased its position in CECO Environmental by 3.5% during the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company's stock worth $348,000 after purchasing an additional 412 shares in the last quarter. Ellsworth Advisors LLC increased its position in CECO Environmental by 3.2% during the 4th quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company's stock worth $996,000 after purchasing an additional 462 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in CECO Environmental in the 3rd quarter valued at approximately $25,000. Institutional investors and hedge funds own 68.08% of the company's stock.

CECO Environmental Stock Up 0.4%

NASDAQ CECO opened at $54.50 on Friday. The business has a fifty day moving average price of $66.09 and a two-hundred day moving average price of $57.12. The stock has a market capitalization of $1.94 billion, a PE ratio of 40.07 and a beta of 1.39. CECO Environmental has a fifty-two week low of $17.57 and a fifty-two week high of $81.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.34 and a quick ratio of 1.16.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.35). CECO Environmental had a net margin of 6.46% and a return on equity of 10.60%. The business had revenue of $214.69 million during the quarter, compared to the consensus estimate of $205.39 million. During the same quarter in the previous year, the business posted $0.27 EPS. The company's revenue for the quarter was up 35.4% on a year-over-year basis. Equities analysts expect that CECO Environmental will post 0.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CECO. Weiss Ratings cut shares of CECO Environmental from a "buy (b-)" rating to a "hold (c)" rating in a research report on Wednesday, March 4th. HC Wainwright raised their price target on shares of CECO Environmental from $55.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, February 25th. Lake Street Capital reiterated a "buy" rating and issued a $80.00 price objective on shares of CECO Environmental in a research note on Wednesday, February 25th. Roth Mkm boosted their price objective on shares of CECO Environmental from $58.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. Finally, Needham & Company LLC increased their target price on shares of CECO Environmental from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, CECO Environmental currently has a consensus rating of "Moderate Buy" and an average price target of $78.20.

CECO Environmental Company Profile

CECO Environmental Corp. NASDAQ: CECO is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.

CECO's core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.

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