Fuel Tech, Inc. (NASDAQ:FTEK) Short Interest Up 127.9% in December

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Fuel Tech in a research report on Monday. They issued a “hold” rating for the company.

Fuel Tech Stock Performance

Shares of FTEK traded up $0.01 during trading hours on Thursday, hitting $1.01. The stock had a trading volume of 23,923 shares, compared to its average volume of 130,967. Fuel Tech has a 12-month low of $0.91 and a 12-month high of $1.34. The firm has a market cap of $30.89 million, a P/E ratio of -50.30 and a beta of 4.10. The company’s fifty day simple moving average is $1.04 and its 200 day simple moving average is $1.03.

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 second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 874,618 shares of the industrial products company’s stock after purchasing an additional 44,512 shares during the quarter. Renaissance Technologies LLC owned approximately 2.88% of Fuel Tech worth $936,000 at the end of the most recent reporting period. Institutional investors own 20.94% of the company’s stock.

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.