CEA Industries Inc. (NASDAQ:CEAD) Sees Significant Decline in Short Interest

CEA Industries Inc. (NASDAQ:CEAD) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 5,700 shares, a drop of 13.6% from the August 31st total of 6,600 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 5,900 shares, the days-to-cover ratio is presently 1.0 days.

CEA Industries Price Performance

CEAD traded up $0.08 during trading on Friday, reaching $7.25. 8,120 shares of the company’s stock were exchanged, compared to its average volume of 7,077. CEA Industries has a 1 year low of $5.22 and a 1 year high of $11.04. The company’s fifty day simple moving average is $6.83 and its 200-day simple moving average is $7.23. The stock has a market capitalization of $5.73 million, a P/E ratio of -1.44 and a beta of 1.06.

CEA Industries (NASDAQ:CEAD) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.66) EPS for the quarter. CEA Industries had a negative net margin of 100.41% and a negative return on equity of 26.52%. The business had revenue of $1.76 million during the quarter.

CEA Industries Company Profile

CEA Industries Inc provides environmental control, and other technologies and services to the controlled environment agriculture (CEA) industry worldwide. It offers floor plans and architectural design for cultivation facilities; licensed mechanical, electrical, and plumbing engineering services for commercial scale environmental control systems that are specific to cultivation facilities; and process cooling systems and other climate control systems.