Alternus Clean Energy Inc (NASDAQ:ALCE – Get Free Report) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 27,600 shares, a decline of 38.0% from the October 15th total of 44,500 shares. Based on an average daily volume of 203,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 5.9% of the company’s shares are short sold.
Alternus Clean Energy Price Performance
Shares of ALCE opened at $1.74 on Thursday. Alternus Clean Energy has a 1 year low of $1.71 and a 1 year high of $272.25. The company’s 50-day simple moving average is $3.41 and its 200-day simple moving average is $6.50.
Alternus Clean Energy (NASDAQ:ALCE – Get Free Report) last announced its quarterly earnings results on Monday, August 26th. The company reported ($2.50) earnings per share (EPS) for the quarter. The business had revenue of $3.85 million during the quarter.
Alternus Clean Energy Company Profile
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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