Alternus Clean Energy Inc (NASDAQ:ALCE) Short Interest Update

Alternus Clean Energy Inc (NASDAQ:ALCE) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 287,900 shares, an increase of 144.0% from the August 15th total of 118,000 shares. Based on an average daily trading volume, of 173,400 shares, the short-interest ratio is presently 1.7 days. Approximately 4.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Alternus Clean Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALCE. Cowen AND Company LLC purchased a new stake in shares of Alternus Clean Energy in the fourth quarter valued at $45,000. Kim LLC acquired a new position in Alternus Clean Energy during the fourth quarter valued at $60,000. Finally, Bracebridge Capital LLC purchased a new stake in Alternus Clean Energy in the 4th quarter worth about $90,000.

Alternus Clean Energy Price Performance

Shares of Alternus Clean Energy stock remained flat at $0.19 during trading on Friday. 72,185 shares of the stock traded hands, compared to its average volume of 347,366. Alternus Clean Energy has a 1-year low of $0.18 and a 1-year high of $10.89. The stock’s 50-day simple moving average is $0.27 and its 200 day simple moving average is $0.35.

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.