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

Fuel Tech, Inc. (NASDAQ:FTEK - Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 111,000 shares, an increase of 18.1% from the April 30th total of 94,000 shares. Based on an average trading volume of 156,100 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are short sold.

Analyst Ratings Changes

FTEK has been the subject of several research reports. Wall Street Zen assumed coverage on Fuel Tech in a research report on Wednesday, May 21st. They issued a "hold" rating for the company. HC Wainwright reiterated a "buy" rating and set a $4.00 price target on shares of Fuel Tech in a research report on Thursday, March 6th.

Fuel Tech Trading Up 4.2%

Shares of NASDAQ:FTEK traded up $0.07 during trading on Thursday, hitting $1.74. 142,665 shares of the company's stock were exchanged, compared to its average volume of 122,280. Fuel Tech has a 1-year low of $0.87 and a 1-year high of $1.80. The firm has a market cap of $53.55 million, a P/E ratio of -87.00 and a beta of 4.38. The firm has a 50-day moving average price of $1.15 and a two-hundred day moving average price of $1.06.

Fuel Tech (NASDAQ:FTEK - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The industrial products company reported ($0.02) EPS for the quarter, meeting analysts' consensus estimates of ($0.02). Fuel Tech had a negative return on equity of 1.37% and a negative net margin of 2.29%. The company had revenue of $6.38 million during the quarter, compared to analysts' expectations of $6.64 million. As a group, research analysts predict that Fuel Tech will post -0.03 EPS for the current year.

Institutional Trading of Fuel Tech

Hedge funds have recently bought and sold shares of the stock. Essex Investment Management Co. LLC grew its stake in Fuel Tech by 11.8% in the first quarter. Essex Investment Management Co. LLC now owns 124,241 shares of the industrial products company's stock valued at $130,000 after purchasing an additional 13,106 shares in the last quarter. Grace & White Inc. NY grew its position in shares of Fuel Tech by 1.7% during the 1st quarter. Grace & White Inc. NY now owns 1,899,149 shares of the industrial products company's stock worth $1,994,000 after purchasing an additional 31,022 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Fuel Tech by 70.1% during the 4th quarter. Millennium Management LLC now owns 58,571 shares of the industrial products company's stock worth $62,000 after purchasing an additional 24,129 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Fuel Tech during the 4th quarter worth approximately $27,000. Finally, Renaissance Technologies LLC increased its stake in shares of Fuel Tech by 15.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,039,609 shares of the industrial products company's stock valued at $1,092,000 after purchasing an additional 138,169 shares during the last quarter. 20.94% of the stock is currently owned by institutional investors and hedge funds.

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.

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