Short Interest in Fuel Tech, Inc. (NASDAQ:FTEK) Expands By 127.9%

Fuel Tech, Inc. (NASDAQ:FTEK) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 142,000 shares, an increase of 127.9% from the December 31st total of 62,300 shares. Based on an average daily volume of 122,700 shares, the short-interest ratio is presently 1.2 days. Approximately 0.6% of the shares of the stock are short sold.

Fuel Tech Trading Down 0.6 %

Shares of NASDAQ:FTEK traded down $0.01 during trading on Friday, reaching $0.99. The company had a trading volume of 7,763 shares, compared to its average volume of 122,728. The company has a fifty day moving average of $1.03 and a two-hundred day moving average of $1.02. The stock has a market capitalization of $30.40 million, a P/E ratio of -49.50 and a beta of 4.10. Fuel Tech has a 12 month low of $0.91 and a 12 month high of $1.34.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Fuel Tech in a research report on Wednesday. They set a “hold” rating for the company.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fuel Tech stock. Peapod Lane Capital LLC bought a new stake in shares of Fuel Tech, Inc. (NASDAQ:FTEK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 977,674 shares of the industrial products company’s stock, valued at approximately $1,027,000. Peapod Lane Capital LLC owned about 3.18% of Fuel Tech as of its most recent filing with the Securities and Exchange Commission. 20.94% of the stock is owned by institutional investors.

About Fuel Tech

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.