November 18, 2016 - By Richard Conner · 0 Comments
The stock of TURBINE TRUCK ENGINES INCORPORATED (OTCMKTS:TTEG) registered an increase of 22.22% in short interest. TTEG’s total short interest was 1,100 shares in November as published by FINRA. Its up 22.22% from 900 shares, reported previously. With 4,000 shares average volume, it will take short sellers 0 days to cover their TTEG’s short positions. The stock closed at $0.2 during the last session. It is down 81.98% since April 21, 2016 and is uptrending. It has outperformed by 77.55% the S&P500.
Turbine Truck Engines, Inc. is engaged in the development and commercialization of its Detonation Cycle Gas Turbine Engine technology , Gas to Liquid Conversion Process technology and the Hydrogen Production Burner System (HPBS). The company has a market cap of $4.51 million. The DCGT engine technology includes an Electromagnetic Isothermal Combustion (EIC) process that powers the engine. It currently has negative earnings. The EIC process produces complete combustion of fuel-oxidizer mixtures in cyclic detonations that negate unwanted nitrogen oxide and carbon monoxide emissions.
Turbine Truck Engines, Inc., incorporated on February 20, 2008, is engaged in the development and commercialization of its Detonation Cycle Gas Turbine Engine technology (DCGT), Gas to Liquid Conversion Process technology (GTL) and the Hydrogen Production Burner System (HPBS). The Company’s activities are been limited to raising capital, organizational matters, engaging in research and development, testing its technology, and the structuring of its business plan.
Another recent and important Turbine Truck Engines Inc (OTCMKTS:TTEG) news was published by Wsj.com which published an article titled: “New Caterpillar CEO Faces Tough Decisions as Company Digs Out” on October 19, 2016.
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By Richard Conner