Short Interest in Alternus Clean Energy Inc (NASDAQ:ALCE) Decreases By 79.8%

Alternus Clean Energy Inc (NASDAQ:ALCE) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 44,500 shares, a decrease of 79.8% from the September 30th total of 219,900 shares. Based on an average trading volume of 167,700 shares, the days-to-cover ratio is presently 0.3 days. Approximately 9.5% of the company’s shares are short sold.

Alternus Clean Energy Stock Performance

ALCE traded up $0.05 during trading on Friday, reaching $2.62. 258,167 shares of the stock traded hands, compared to its average volume of 64,849. The stock’s 50-day moving average is $4.29 and its 200 day moving average is $7.08. Alternus Clean Energy has a 12 month low of $2.14 and a 12 month high of $272.25.

Alternus Clean Energy (NASDAQ:ALCE) last issued its quarterly earnings results on Monday, August 26th. The company reported ($2.50) EPS for the quarter. The business had revenue of $3.85 million for the quarter.

Alternus Clean Energy Company Profile

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.