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

Fuel Tech, Inc. (NASDAQ:FTEK) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 83,600 shares, a drop of 16.3% from the January 31st total of 99,900 shares. Based on an average daily volume of 143,000 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the company’s stock are short sold.

Fuel Tech Stock Up 7.1 %

Shares of NASDAQ:FTEK traded up $0.07 during midday trading on Wednesday, reaching $1.04. The company had a trading volume of 267,527 shares, compared to its average volume of 97,332. The business’s 50 day moving average price is $1.00 and its 200 day moving average price is $1.02. Fuel Tech has a 1-year low of $0.89 and a 1-year high of $1.34. The stock has a market cap of $31.91 million, a PE ratio of -50.75 and a beta of 4.07.

Fuel Tech (NASDAQ:FTEK) last announced its quarterly earnings data on Tuesday, March 4th. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Fuel Tech had a negative return on equity of 1.37% and a negative net margin of 2.29%. The company had revenue of $5.28 million for the quarter, compared to the consensus estimate of $5.63 million. During the same quarter in the prior year, the company earned ($0.02) EPS. On average, research analysts expect that Fuel Tech will post -0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Fuel Tech in a report on Sunday. They set a “hold” rating for the company.

Institutional Trading of Fuel Tech

A number of large investors have recently added to or reduced their stakes in FTEK. Millennium Management LLC raised its holdings in shares of Fuel Tech by 70.1% in the 4th quarter. Millennium Management LLC now owns 58,571 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 24,129 shares during the period. XTX Topco Ltd acquired a new stake in shares of Fuel Tech in the fourth quarter valued at approximately $27,000. Renaissance Technologies LLC boosted its stake in shares of Fuel Tech by 15.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,039,609 shares of the industrial products company’s stock worth $1,092,000 after acquiring an additional 138,169 shares during the period. Virtu Financial LLC acquired a new position in shares of Fuel Tech during the 4th quarter worth approximately $26,000. Finally, Peapod Lane Capital LLC acquired a new stake in Fuel Tech during the 4th quarter valued at $1,027,000. Institutional investors and hedge funds own 20.94% of the company’s stock.

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.