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

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

Fuel Tech Trading Down 0.6 %

Shares of NASDAQ:FTEK traded down $0.01 during mid-day trading on Friday, hitting $0.99. 7,763 shares of the company traded hands, compared to its average volume of 122,728. The stock has a market cap of $30.40 million, a P/E ratio of -49.50 and a beta of 4.10. The stock has a 50-day moving average price of $1.03 and a two-hundred day moving average price of $1.02. Fuel Tech has a 12-month low of $0.91 and a 12-month high of $1.34.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Fuel Tech in a report on Wednesday. They set a “hold” rating for the company.

Institutional Investors Weigh In On Fuel Tech

A hedge fund recently raised its stake in Fuel Tech stock. Renaissance Technologies LLC boosted its holdings in Fuel Tech, Inc. (NASDAQ:FTEK) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 874,618 shares of the industrial products company’s stock after buying 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 filing with the Securities and Exchange Commission. 20.94% of the stock is currently owned by institutional investors.

About Fuel Tech

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.