Short Interest in Anaergia Inc. (OTCMKTS:ANRGF) Drops By 51.4%

Anaergia Inc. (OTCMKTS:ANRGF) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 83,165 shares, a decline of 51.4% from the May 14th total of 171,017 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 33,740 shares, the days-to-cover ratio is currently 2.5 days.

Anaergia Price Performance

ANRGF opened at $1.90 on Friday. The business has a fifty day simple moving average of $2.16 and a 200 day simple moving average of $1.87. The company has a market capitalization of $53.66 million, a PE ratio of -6.79 and a beta of 2.43. Anaergia has a 1 year low of $0.91 and a 1 year high of $4.28.

About Anaergia

Anaergia Inc (OTCMKTS: ANRGF) is a Canadian-based provider of advanced waste-to-value and resource recovery solutions. Headquartered in Oakville, Ontario, the company specializes in the design, engineering, procurement and construction of integrated systems that convert organic waste and wastewater feedstocks into renewable energy, bio-fertilizers, recycled water and other high-value byproducts. Leveraging proprietary technologies in anaerobic digestion, thermal hydrolysis, membrane filtration and nutrient recovery, Anaergia’s offerings enable municipal and industrial clients to reduce their environmental footprint while generating sustainable revenue streams.

Since its founding in 2008 under the name Davis Clean Tech and subsequent rebranding as Anaergia, the company has expanded its global footprint with projects across North America, Europe, Asia and Australia.