Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) Shares Shorted: Short Interest Up 227.1% in October

Defiance Daily Target 2X Long ANET ETF (NASDAQ:ANEL) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 32,834 shares, a growth of 227.1% from the September 30th total of 10,039 shares. Approximately 6.2% of the shares of the stock are short sold. Based on an average daily volume of 43,089 shares, the short-interest ratio is currently 0.8 days.

Defiance Daily Target 2X Long ANET ETF Stock Down 15.2%

NASDAQ:ANEL traded down $3.29 during midday trading on Friday, hitting $18.30. The company had a trading volume of 16,159 shares, compared to its average volume of 134,432. Defiance Daily Target 2X Long ANET ETF has a 52-week low of $11.38 and a 52-week high of $31.74. The stock’s fifty day moving average price is $25.40 and its 200-day moving average price is $21.18.

Anellotech, Inc is a clean-technology company that develops and commercializes processes to produce renewable chemicals from non-food biomass. The company’s core focus is on delivering bio-based aromatic hydrocarbons — including benzene, toluene and xylene (BTX) — that can be used as drop-in replacements for petrochemical feedstocks in the production of plastics, nylons and other industrial chemicals. Anellotech positions its offerings toward customers looking for lower-carbon alternatives to conventional petroleum-derived chemicals.

At the center of Anellotech’s business is a proprietary catalytic fast pyrolysis (CFP) approach that thermally converts lignocellulosic biomass and other non-food feedstocks into an aromatic-rich vapour stream, which is then catalytically upgraded to produce target molecules.