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

Fuel Tech, Inc. (NASDAQ:FTEK) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 110,212 shares, a decline of 44.6% from the June 30th total of 199,073 shares. Based on an average daily trading volume, of 191,241 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On Fuel Tech

Large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its holdings in Fuel Tech by 44.2% in the 3rd quarter. Advisory Services Network LLC now owns 21,627 shares of the industrial products company’s stock worth $65,000 after buying an additional 6,627 shares in the last quarter. State Street Corp grew its stake in shares of Fuel Tech by 7.1% during the fourth quarter. State Street Corp now owns 121,846 shares of the industrial products company’s stock valued at $190,000 after acquiring an additional 8,100 shares in the last quarter. Group One Trading LLC increased its position in shares of Fuel Tech by 26.1% during the fourth quarter. Group One Trading LLC now owns 42,509 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 8,803 shares during the last quarter. Prelude Capital Management LLC acquired a new position in shares of Fuel Tech in the third quarter worth about $40,000. Finally, Virtu Financial LLC purchased a new position in Fuel Tech in the fourth quarter valued at about $27,000. 20.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FTEK shares. Zacks Research raised shares of Fuel Tech from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen cut shares of Fuel Tech from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings upgraded Fuel Tech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Fuel Tech Price Performance

Fuel Tech stock traded down $0.03 during midday trading on Friday, hitting $1.41. 101,078 shares of the company were exchanged, compared to its average volume of 253,209. The company has a market cap of $43.95 million, a PE ratio of -15.66 and a beta of 1.24. Fuel Tech has a fifty-two week low of $1.17 and a fifty-two week high of $3.65. The company’s fifty day moving average price is $1.60 and its 200-day moving average price is $1.45.

Fuel Tech (NASDAQ:FTEK) last issued its quarterly earnings data on Tuesday, May 5th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $6.08 million during the quarter, compared to analyst estimates of $7.62 million. Fuel Tech had a negative net margin of 11.15% and a negative return on equity of 7.34%. On average, analysts expect that Fuel Tech will post -0.12 EPS for the current fiscal year.

Fuel Tech Company Profile

Fuel Tech, Inc (NASDAQ: FTEK) is a specialty technology and engineering company focused on developing and supplying clean air solutions for the power generation and industrial markets. The company designs, manufactures and markets proprietary chemical reagents and process control systems that help customers reduce emissions of nitrogen oxides (NOx), mercury and other air pollutants. Its technology platform combines advanced process modeling, plant optimization software and field testing services to help utilities and industrial facilities comply with environmental regulations and improve operational efficiency.

Fuel Tech’s core product lines include selective catalytic reduction (SCR) optimization systems, activated carbon injection solutions for mercury capture, and sorbent enhancement additives for flue gas desulfurization processes.