Trading Report: The Clean Energy Fuels Corp. (CLNE) Short Interest Update

The Clean Energy Fuels Corp. (CLNE) Short Interest Update

Clean Energy Fuels Corp. (NASDAQ:CLNE) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 10,558,029 shares, a growth of 16.7% from the September 15th total of 9,048,306 shares. Currently, 9.8% of the company’s shares are sold short. Based on an average daily trading volume, of 2,144,694 shares, the short-interest ratio is presently 4.9 days.

In related news, Director Boone Pickens sold 1,500,000 shares of the stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $4.56, for a total value of $6,840,000.00. Following the transaction, the director now directly owns 17,205,650 shares in the company, valued at approximately $78,457,764. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Warren I. Mitchell bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was purchased at an average price of $4.01 per share, for a total transaction of $40,100.00. Following the completion of the acquisition, the director now owns 90,100 shares in the company, valued at $361,301. The disclosure for this purchase can be found here. Company insiders own 26.69% of the company’s stock.

Several large investors have recently modified their holdings of the company. Brave Asset Management Inc increased its position in Clean Energy Fuels Corp. by 121.4% in the second quarter. Brave Asset Management Inc now owns 31,000 shares of the company’s stock valued at $108,000 after buying an additional 17,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Clean Energy Fuels Corp. by 1.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 31,744 shares of the company’s stock valued at $110,000 after buying an additional 400 shares during the last quarter. Everett Harris & Co. CA increased its position in Clean Energy Fuels Corp. by 45.1% in the second quarter. Everett Harris & Co. CA now owns 33,000 shares of the company’s stock valued at $115,000 after buying an additional 10,250 shares during the last quarter. BlackRock Advisors LLC increased its position in Clean Energy Fuels Corp. by 1.8% in the second quarter. BlackRock Advisors LLC now owns 37,514 shares of the company’s stock valued at $130,000 after buying an additional 671 shares during the last quarter. Finally, American International Group Inc. increased its position in Clean Energy Fuels Corp. by 6.6% in the second quarter. American International Group Inc. now owns 50,462 shares of the company’s stock valued at $175,000 after buying an additional 3,130 shares during the last quarter. Hedge funds and other institutional investors own 25.85% of the company’s stock.

A number of equities analysts recently issued reports on CLNE shares. Zacks Investment Research cut Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 18th. Rodman & Renshaw reissued a “buy” rating and issued a $6.30 price target (up from $5.00) on shares of Clean Energy Fuels Corp. in a research report on Friday, September 23rd. Finally, Dundee Securities reissued a “buy” rating and issued a $5.80 price target on shares of Clean Energy Fuels Corp. in a research report on Wednesday, August 10th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $5.42.

Clean Energy Fuels Corp. (NASDAQ:CLNE) opened at 4.28 on Friday. The stock’s market cap is $561.48 million. Clean Energy Fuels Corp. has a 1-year low of $2.15 and a 1-year high of $6.33. The stock has a 50 day moving average price of $4.44 and a 200 day moving average price of $3.54.

Clean Energy Fuels Corp. (NASDAQ:CLNE) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.17. Clean Energy Fuels Corp. had a negative return on equity of 3.84% and a negative net margin of 16.56%. The firm had revenue of $108 million for the quarter, compared to the consensus estimate of $94.33 million. During the same period in the prior year, the business posted ($0.29) earnings per share. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. On average, analysts predict that Clean Energy Fuels Corp. will post ($0.17) EPS for the current fiscal year.

About Clean Energy Fuels Corp.

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