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.
Get CEA Industries alerts: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
(Get Rating)
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.
See Also
- Get a free copy of the StockNews.com research report on CEA Industries (CEAD)
- MarketBeat Week in Review – 1/23- 1/27
- Why Lucid Spiked Nearly 100% In One Day
- Ride These Railroad Stocks for Growth and Income
- ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
- KLA Corporation: Strength In A Troubled Semi-Market
Receive News & Ratings for CEA Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEA Industries and related companies with MarketBeat.com's FREE daily email newsletter.