CEA Industries Inc. (NASDAQ:CEAD – Get Rating) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 199,400 shares, a drop of 18.9% from the December 31st total of 245,800 shares. Currently, 2.6% of the shares of the stock are sold short. Based on an average daily volume of 131,100 shares, the days-to-cover ratio is presently 1.5 days.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in CEAD. Virtu Financial LLC bought a new position in CEA Industries in the 1st quarter worth about $93,000. Bard Associates Inc. raised its holdings in shares of CEA Industries by 11.9% in the 2nd quarter. Bard Associates Inc. now owns 292,550 shares of the company's stock valued at $369,000 after acquiring an additional 31,050 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of CEA Industries in the 2nd quarter valued at about $26,000. Levin Capital Strategies L.P. purchased a new stake in shares of CEA Industries in the 3rd quarter valued at about $137,000. Finally, Vanguard Group Inc. purchased a new stake in shares of CEA Industries in the 3rd quarter valued at about $25,000. Institutional investors own 11.01% of the company's stock.
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CEA Industries Stock Up 1.5 %
NASDAQ CEAD traded up $0.01 during trading hours on Friday, hitting $0.98. The company had a trading volume of 26,420 shares, compared to its average volume of 38,751. CEA Industries has a 52 week low of $0.77 and a 52 week high of $7.50. The firm has a 50 day simple moving average of $0.96 and a 200 day simple moving average of $1.10.
CEA Industries (NASDAQ:CEAD – Get Rating) last issued its earnings results on Monday, November 14th. The company reported ($0.13) EPS for the quarter. CEA Industries had a negative return on equity of 33.00% and a negative net
margin of 35.94%. The company had revenue of $5.06 million during the quarter.
CEA Industries Company Profile
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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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