102K shares changed hands in the last trading session. Shares saw a steep increase in trading volume of 307.38% over the normal average daily volume.
Traders are more bearish on shares of Fuel Tech, Inc. recently if you put credence in the increase in short interest. The company recorded a rise in short interest from July 31, 2017 to August 15, 2017 of 24.99%. Short shares grew 11,936 over that period. Days to cover increased from 1.9 to 3.0 and the percentage of shorted shares was 0.00% on August 15.
Additionally, here are a few investment firms who have increased or decreased their stake in (FTEK). As of the end of the quarter Ubs Group Ag had acquired 844 shares growing its holdings by 16.4%. The value of the total investment in Fuel Tech, Inc. went from $5,000 to $5,000 a change of 0.0% quarter over quarter. As of quarter end Creative Planning had bought a total of 2,000 shares growing its stake by 1,000.0%. The value of the investment in Fuel Tech, Inc. increased from $0 to $2,000 a change of $2,000 since the last quarter.
Perritt Capital Management Inc cut its ownership by shedding 202,276 shares a decrease of 42.5% in the quarter. Perritt Capital Management Inc claims 273,400 shares valued at $216,000. The total value of its holdings decreased 55.5%. Bank Of NEW York Mellon Corp augmented its holdings by buying 22,918 shares an increase of 1,736.2%. Bank Of NEW York Mellon Corp currently owns 24,238 shares worth $19,000. The value of the position overall is up by 1,800.0%.
The company is down by 3.9311%% since yesterday’s close of 0.9056. Shares last traded at $0.87 which is just over $0.86, the 50 day moving average and a bit lower than the 200 day moving average of $0.91. The 50 day moving average was up $0.01 or +0.9616% and the 200 day average went down $-0.04 or -4.2431%.
Fuel Tech, Inc., launched on October 25, 2006, is a technology company. The Company is involved in the development, commercialization and application of technologies for air pollution control, process optimization, combustion efficiency and engineering services. It operates through three segments: Air Pollution Control technology, FUEL CHEM technology and Fuel Conversion. The Air Pollution Control technology segment includes technologies to manage nitrogen oxides (NOx) emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources. The FUEL CHEM technology segment uses chemical processes in combination with computational fluid dynamics (CFD) and chemical kinetics modeling (CKM) boiler modeling, for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology. The Fuel Conversion segment represents the CARBONITE fuel conversion process and technology..