Clean Energy Fuels (NASDAQ:CLNE) stated loss of 387,805 shares or 4.7% in the short interest. The short interest registered from 8,260,240 on May 31,2016 to 7,872,435 on June 15,2016. In terms of floated shares, the shorted positions stood at 9.2%. The stock has been averaging 1,743,155 shares daily in trading and would need 5 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Clean Energy Fuels (NASDAQ:CLNE): The stock opened at $3.19 on Friday but the bulls could not build on the opening and the stock topped out at $3.26 for the day. The stock traded down to $3.08 during the day, due to lack of any buying support eventually closed down at $3.26 with a loss of -2.69% for the day. The stock had closed at $3.35 on the previous day. The total traded volume was 3,468,302 shares.
The company shares have dropped -43.79% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $6.94 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $3.30 and the 200 Day Moving Average price is recorded at $3.06.
Clean Energy Fuels (NASDAQ:CLNE) has tumbled 2.1% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.82% in the last four weeks. The stocks have underperformed the S&P 500 by 0.48% during the past week but Clean Energy Fuels (NASDAQ:CLNE) it has outperformed the index in 4 weeks by 6.96%.
Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company designs, builds, operates and maintains fueling stations and supplies its customers with compressed natural gas (CNG) fuel for light, medium and heavy-duty vehicles and liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles. The Company also manufactures, sells and services non-lubricated natural gas fueling compressors and other equipment used in CNG stations and LNG stations. It provides operation and maintenance (O&M) services to customers, offers assessment, designs and modification solutions to provide operators with code-compliant service and maintenance facilities for natural gas vehicle fleets, transport. It offers vehicle finance services for some of its customers purchases of natural gas vehicles. The Company sells CNG to industrial and institutional energy users who do not have direct access to natural gas pipelines.