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

Alternus Clean Energy Inc (NASDAQ:ALCE) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 41,000 shares, a drop of 38.3% from the December 31st total of 66,400 shares. Approximately 3.0% of the company’s shares are sold short. Based on an average daily volume of 1,260,000 shares, the short-interest ratio is presently 0.0 days.

Alternus Clean Energy Stock Performance

Shares of NASDAQ:ALCE opened at $0.37 on Wednesday. The company’s fifty day simple moving average is $0.88 and its 200 day simple moving average is $3.38. Alternus Clean Energy has a 12 month low of $0.36 and a 12 month high of $26.75.

About Alternus Clean Energy

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.