CEA Industries Inc. (NASDAQ:CEAD – Get Rating) saw a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 245,800 shares, a growth of 24.5% from the December 15th total of 197,500 shares. Based on an average trading volume of 184,100 shares, the short-interest ratio is presently 1.3 days. Approximately 3.4% of the shares of the company are sold short.

Hedge Funds Weigh In On CEA Industries

Several institutional investors and hedge funds have recently bought and sold shares of CEAD. Vanguard Group Inc. purchased a new position in CEA Industries during the third quarter valued at $25,000. Millennium Management LLC purchased a new position in CEA Industries during the second quarter valued at $26,000. State Street Corp purchased a new position in CEA Industries during the third quarter valued at $29,000. Virtu Financial LLC lifted its position in CEA Industries by 75.7% during the second quarter. Virtu Financial LLC now owns 64,890 shares of the company's stock valued at $82,000 after purchasing an additional 27,961 shares in the last quarter. Finally, Levin Capital Strategies L.P. purchased a new position in CEA Industries during the third quarter valued at $137,000. 11.01% of the stock is currently owned by hedge funds and other institutional investors.

CEA Industries Stock Performance

Shares of CEAD traded down $0.04 during trading hours on Friday, hitting $0.98. The stock had a trading volume of 56,232 shares, compared to its average volume of 43,941. CEA Industries has a 12 month low of $0.77 and a 12 month high of $13.50. The stock has a fifty day moving average price of $0.96 and a 200 day moving average price of $1.11.

About CEA Industries

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CEA Industries Inc provides technology, engineering, and other services to the controlled environment agriculture (CEA) industry worldwide. It offers floor plans and architectural design for cultivation facilities; licensed mechanical, electrical, and plumbing engineering services for commercial scale environmental control systems that are specific to cultivation facilities; and process cooling systems and other climate control systems.

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