Alternus Clean Energy Inc (NASDAQ:ALCE) Sees Large Drop in Short Interest

Alternus Clean Energy Inc (NASDAQ:ALCEGet Free Report) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 27,600 shares, a decrease of 38.0% from the October 15th total of 44,500 shares. Currently, 5.9% of the company’s shares are sold short. Based on an average trading volume of 203,400 shares, the short-interest ratio is currently 0.1 days.

Alternus Clean Energy Stock Performance

Alternus Clean Energy stock opened at $1.75 on Friday. Alternus Clean Energy has a 52-week low of $1.63 and a 52-week high of $272.25. The stock’s 50 day moving average price is $3.27 and its two-hundred day moving average price is $6.43.

Alternus Clean Energy (NASDAQ:ALCEGet Free Report) last issued its earnings results on Monday, August 26th. The company reported ($2.50) earnings per share for the quarter. The firm had revenue of $3.85 million during the quarter.

Alternus Clean Energy Company Profile

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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.

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