American DG Energy Inc (NYSE:ADGE) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 70,147 shares, a drop of 34.8% from the August 31st total of 107,560 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 110,357 shares, the days-to-cover ratio is presently 0.6 days.
Shares of American DG Energy (NYSE:ADGE) opened at 0.2601 on Friday. The company’s market capitalization is $13.18 million. American DG Energy has a 12 month low of $0.22 and a 12 month high of $0.65. The company has a 50-day moving average of $0.27 and a 200 day moving average of $0.27.
American DG Energy (NYSE:ADGE) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.06 earnings per share for the quarter. The firm earned $2.11 million during the quarter, compared to analyst estimates of $2.09 million. Analysts forecast that American DG Energy will post ($0.08) EPS for the current year.
About American DG Energy
American DG Energy Inc distributes, owns and operates clean, onsite energy systems that produce electricity, hot water, heat and cooling. It offers natural gas-powered cogeneration systems. It offers energy producing products, such as natural gas heat pumps, complementary energy equipment, such as boilers, and alternative energy equipment, such as solar and fuel cells.
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