CEA Industries Inc. (NASDAQ:CEAD – Get Rating) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 250,100 shares, an increase of 6.7% from the October 31st total of 234,300 shares. Based on an average daily volume of 254,000 shares, the short-interest ratio is presently 1.0 days. Currently, 3.5% of the shares of the stock are sold short.

CEA Industries Stock Performance

CEAD traded up $0.04 during midday trading on Friday, hitting $1.10. 100,699 shares of the company traded hands, compared to its average volume of 152,737. CEA Industries has a 52-week low of $0.83 and a 52-week high of $13.50. The business has a 50 day simple moving average of $0.99 and a two-hundred day simple moving average of $1.17.

Hedge Funds Weigh In On CEA Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Warberg Asset Management LLC purchased a new position in CEA Industries during the first quarter valued at $45,000. Bard Associates Inc. purchased a new position in CEA Industries during the first quarter valued at $656,000. Virtu Financial LLC purchased a new position in CEA Industries during the first quarter valued at $93,000. State Street Corp purchased a new position in CEA Industries during the third quarter valued at $29,000. Finally, Millennium Management LLC purchased a new position in CEA Industries during the second quarter valued at $26,000. 9.40% of the stock is owned by hedge funds and other institutional investors.

CEA Industries Company Profile

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.

Further Reading

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