Today’s Stock On Watch: ABTECH HOLDINGS INCORPORATED (OTCMKTS:ABHD) on Focus After Report of More Shorts

November 23, 2016 - By Hazel Jackson   ·   0 Comments

Today's Stock On Watch: ABTECH HOLDINGS INCORPORATED (OTCMKTS:ABHD) on Focus After Report of More Shorts

The stock of ABTECH HOLDINGS INCORPORATED (OTCMKTS:ABHD) registered an increase of 1225% in short interest. ABHD’s total short interest was 5,300 shares in November as published by FINRA. Its up 1225% from 400 shares, reported previously. With 59,500 shares average volume, it will take short sellers 0 days to cover their ABHD’s short positions. The stock decreased 33.33% or $0.0043 on November 22, hitting $0.0086. About 44,444 shares traded hands. Abtech Holdings Inc (OTCMKTS:ABHD) has declined 66.67% since April 12, 2016 and is downtrending. It has underperformed by 72.00% the S&P500.

Abtech Holdings, Inc., through its subsidiary, AbTech Industries, Inc. , provides solutions to water contamination issues that are caused by stormwater runoff, industrial processes, water produced in the extractive industries, such as gas and oil drilling, and spills of oil fluids in marine environments. The company has a market cap of $6.16 million. The Firm operates through the filtration and treatment of polluted water segment. It currently has negative earnings. It provides services for the design and selection of water treatment systems, products sales of filtration and treatment systems, installation of the treatment technologies and maintenance of the installed systems.

Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. Its down 1.00, from 1 in 2016Q1. The ratio worsened, as 0 funds sold all Abtech Holdings Inc shares owned while 0 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 1.29 million shares or 0.00% without change from 1.29 million shares in 2016Q1.
Solaris Asset Mngmt Ltd Liability Corporation accumulated 950,711 shares or 0.03% of the stock. Wall Street Access Asset Management Ltd Company has 0.01% invested in the company for 225,000 shares. Geneva Advsr Lc last reported 0% of its portfolio in the stock. The New York-based Tocqueville Asset Mgmt L P has invested 0% in Abtech Holdings Inc (OTCMKTS:ABHD).

ABHD Company Profile

Abtech Holdings, Inc., incorporated on February 13, 2007, through its subsidiary, AbTech Industries, Inc. (AbTech Industries), provides solutions to water contamination issues that are caused by stormwater runoff, industrial processes, water produced in the extractive industries, such as gas and oil drilling, and spills of oil fluids in marine environments. The Firm operates through the filtration and treatment of polluted water segment. It provides services for the design and selection of water treatment systems, products sales of filtration and treatment systems, installation of the treatment technologies and maintenance of the installed systems. Some of these activities are provided through subcontractors and on some projects the Company may act as a subcontractor to other entities. AbTech Industries makes its products and markets them into a range of markets resulting in over 20,000 products installed in approximately 50 states and over 10 countries.

More important recent Abtech Holdings Inc (OTCMKTS:ABHD) news were published by: Prnewswire.com which released: “Abtech Holdings, Inc. Reports Fiscal Year 2015 Financial Results” on March 30, 2016, also Prnewswire.com published article titled: “Abtech Holdings, Inc. Announces $13.3 Million Transaction”, Newsday.com published: “Judge questions insurer’s refusal to pay in Adam Skelos case” on October 27, 2016. More interesting news about Abtech Holdings Inc (OTCMKTS:ABHD) was released by: Nypost.com and their article: “Adam Skelos whined to dad about losing $10000-per-month consulting gig” with publication date: November 24, 2015.

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By Hazel Jackson


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