Short Interest in FuelCell Energy Declines By 5.9% (FCEL)
FuelCell Energy (NASDAQ:FCEL) was the recipient of a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 31,297,349 shares, a drop of 5.9% from the July 31st total of 33,263,619 shares, Stock Ratings Network reports. Currently, 15.1% of the shares of the company are sold short. Based on an average daily volume of 6,776,315 shares, the days-to-cover ratio is presently 4.6 days.
FCEL has been the subject of a number of recent research reports. Analysts at Cowen and Company raised their price target on shares of FuelCell Energy from $2.40 to $3.00 in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. FuelCell Energy has an average rating of “Hold” and an average target price of $2.70.
FuelCell Energy (NASDAQ:FCEL) opened at 2.62 on Wednesday. FuelCell Energy has a 52-week low of $1.18 and a 52-week high of $4.74. The stock has a 50-day moving average of $2.41 and a 200-day moving average of $2.36. The company’s market cap is $681.3 million.
FuelCell Energy, Inc (NASDAQ:FCEL) is a integrated fuel cell company.
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