Short Interest in Aduro Clean Technologies Inc. (NASDAQ:ADUR) Expands By 47.4%

Aduro Clean Technologies Inc. (NASDAQ:ADUR) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 1,853,758 shares, an increase of 47.4% from the December 31st total of 1,257,909 shares. Currently, 6.1% of the shares of the stock are short sold. Based on an average trading volume of 764,133 shares, the days-to-cover ratio is currently 2.4 days. Based on an average trading volume of 764,133 shares, the days-to-cover ratio is currently 2.4 days. Currently, 6.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ADUR. Zacks Research raised shares of Aduro Clean Technologies to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Wednesday, January 21st. D. Boral Capital reiterated a “buy” rating and set a $46.00 price target on shares of Aduro Clean Technologies in a report on Monday, November 24th. Finally, LADENBURG THALM/SH SH assumed coverage on Aduro Clean Technologies in a report on Friday, November 21st. They set a “buy” rating and a $19.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Aduro Clean Technologies currently has a consensus rating of “Hold” and an average target price of $32.50.

Hedge Funds Weigh In On Aduro Clean Technologies

Several institutional investors have recently made changes to their positions in the stock. Two Sigma Investments LP bought a new position in shares of Aduro Clean Technologies during the 3rd quarter worth about $528,000. Diametric Capital LP bought a new position in shares of Aduro Clean Technologies in the 2nd quarter worth $345,000. Copperleaf Capital LLC bought a new stake in Aduro Clean Technologies during the 2nd quarter valued at $233,000. NewEdge Advisors LLC raised its holdings in Aduro Clean Technologies by 21,000.0% during the second quarter. NewEdge Advisors LLC now owns 21,100 shares of the company’s stock worth $189,000 after buying an additional 21,000 shares during the last quarter. Finally, Geode Capital Management LLC bought a new position in shares of Aduro Clean Technologies in the second quarter valued at $172,000.

Aduro Clean Technologies Stock Performance

Shares of ADUR opened at $12.98 on Friday. The firm has a market cap of $397.58 million, a PE ratio of -28.22 and a beta of 3.41. Aduro Clean Technologies has a 52-week low of $3.49 and a 52-week high of $17.66. The business’s 50 day moving average price is $12.75 and its two-hundred day moving average price is $12.65.

Aduro Clean Technologies (NASDAQ:ADUR) last released its quarterly earnings data on Thursday, January 15th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.01. Aduro Clean Technologies had a negative net margin of 6,393.09% and a negative return on equity of 129.57%. The company had revenue of $0.09 million during the quarter, compared to analyst estimates of $0.05 million.

Aduro Clean Technologies Company Profile

Aduro Clean Technologies, Inc is a development‐stage clean energy company that designs, develops and seeks to commercialize modular process systems for the production and purification of hydrogen. Listed on the Nasdaq under the ticker ADUR, the company focuses on low‐emission solutions to support the emerging hydrogen economy, including renewable fuel applications, energy storage and industrial gas supply. Aduro Clean Technologies aims to address the growing demand for high‐purity hydrogen across mobility, power generation and chemical processing sectors.

The company’s core technologies include its H2-Conductor platform, a membrane‐based system engineered to separate and purify hydrogen from mixed gas streams, and its H2-Integrate suite of modular reactors capable of producing hydrogen from various feedstocks.