Alternus Clean Energy Inc (NASDAQ:ALCE) Sees Large Growth in Short Interest

Alternus Clean Energy Inc (NASDAQ:ALCEGet Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 219,900 shares, a growth of 45.4% from the September 15th total of 151,200 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average trading volume of 2,420,000 shares, the days-to-cover ratio is presently 0.1 days.

Alternus Clean Energy Stock Performance

Shares of ALCE stock traded up $0.47 during mid-day trading on Friday, hitting $2.64. The company’s stock had a trading volume of 1,268,714 shares, compared to its average volume of 49,606. The company’s fifty day simple moving average is $0.25 and its 200-day simple moving average is $0.32. Alternus Clean Energy has a 52 week low of $2.17 and a 52 week high of $272.25.

Alternus Clean Energy (NASDAQ:ALCEGet Free Report) last announced its quarterly earnings data on Monday, August 26th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $3.85 million for the quarter.

Alternus Clean Energy Company Profile

(Get Free Report)

Alternus Energy Group Plc operates as an international vertically integrated independent power producer. It owns, develops, installs, and operates midsized utility scale solar parks. The company was incorporated in 2019 and is headquartered in Dublin, Ireland.

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