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

Alternus Clean Energy Inc (NASDAQ:ALCE) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 186,000 shares, a decline of 26.4% from the June 30th total of 252,800 shares. Currently, 2.5% of the company’s shares are short sold. Based on an average daily volume of 166,800 shares, the short-interest ratio is presently 1.1 days.

Alternus Clean Energy Stock Up 0.7 %

ALCE stock opened at $0.30 on Monday. Alternus Clean Energy has a 12 month low of $0.28 and a 12 month high of $10.89. The company has a 50-day moving average price of $0.37 and a 200 day moving average price of $0.50.

Alternus Clean Energy (NASDAQ:ALCE) last released its quarterly earnings data on Tuesday, May 21st. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $2.18 million for the quarter.

Institutional Investors Weigh In On Alternus Clean Energy

Several large investors have recently added to or reduced their stakes in the stock. Bracebridge Capital LLC purchased a new stake in Alternus Clean Energy in the 4th quarter valued at about $90,000. Kim LLC bought a new stake in shares of Alternus Clean Energy in the 4th quarter valued at about $60,000. Finally, Cowen AND Company LLC bought a new stake in shares of Alternus Clean Energy in the 4th quarter valued at about $45,000.

About Alternus Clean Energy

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.