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CEA Industries Inc. (NASDAQ:CEAD) Short Interest Up 6.7% in November

kopsource ·  Dec 4, 2022 18:21

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.

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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

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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.

Further Reading

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