Midwest Energy Emissions Corp. (OTCMKTS:MEEC) Sees Large Decrease in Short Interest

Midwest Energy Emissions Corp. (OTCMKTS:MEEC) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totalling 600 shares, a drop of 93.4% from the June 30th total of 9,100 shares. Based on an average daily volume of 87,900 shares, the days-to-cover ratio is currently 0.0 days.

Midwest Energy Emissions Stock Down 1.7 %

OTCMKTS MEEC traded down $0.01 on Thursday, reaching $0.70. 18,351 shares of the stock traded hands, compared to its average volume of 170,048. The company has a market cap of $65.82 million, a price-to-earnings ratio of 17.75 and a beta of 1.52. The firm’s fifty day simple moving average is $0.73 and its 200 day simple moving average is $0.84. Midwest Energy Emissions has a 12 month low of $0.20 and a 12 month high of $1.40.

Midwest Energy Emissions (OTCMKTS:MEEC) last released its quarterly earnings data on Thursday, May 16th. The industrial products company reported ($0.03) earnings per share for the quarter. The firm had revenue of $3.56 million during the quarter. As a group, equities research analysts forecast that Midwest Energy Emissions will post 0.03 EPS for the current fiscal year.

Midwest Energy Emissions Company Profile

Midwest Energy Emissions Corp., an environmental services and technology company, engages in developing and delivering solutions to the power industry in the United States and internationally. It provides mercury capture solutions. Its Sorbent Enhancement Additive (SEA) technology provides total mercury control with solutions that are based on a thorough scientific understanding of actual and probable interactions involved in mercury capture in coal-fired flue gas.