Short Interest Worth Mentioning: Can Ceco Environmental Corporation (NASDAQ:CECE)’s Tomorrow be Different? The Stock Had Increase in Shorts

November 29, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Worth Mentioning: Can Ceco Environmental Corporation (NASDAQ:CECE)’s Tomorrow be Different? The Stock Had Increase in Shorts

The stock of Ceco Environmental Corporation (NASDAQ:CECE) registered an increase of 0.32% in short interest. CECE’s total short interest was 883,900 shares in November as published by FINRA. Its up 0.32% from 881,100 shares, reported previously. With 78,100 shares average volume, it will take short sellers 11 days to cover their CECE’s short positions. The short interest to Ceco Environmental Corporation’s float is 3.37%. The stock increased 0.30% or $0.04 during the last trading session, hitting $13.36. CECO Environmental Corp. (NASDAQ:CECE) has risen 105.54% since April 26, 2016 and is uptrending. It has outperformed by 100.28% the S&P500.

CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial divisions. The company has a market cap of $458.81 million. The Firm focuses on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems. It has a 46.26 P/E ratio. It operates through three divisions: Environmental, which produces various types of product recovery and air pollution control technologies; Energy, which produces customized solutions for the power and petrochemical industry, and Fluid Handling and Filtration, which produces pump, filtration and fume exhaust solutions.

Insitutional Activity: The institutional sentiment increased to 2.29 in 2016 Q2. Its up 1.21, from 1.08 in 2016Q1. The ratio is positive, as 14 funds sold all CECO Environmental Corp. shares owned while 26 reduced positions. 12 funds bought stakes while 31 increased positions. They now own 16.83 million shares or 0.72% less from 16.95 million shares in 2016Q1.
Northern accumulated 0% or 297,966 shares. Deutsche Comml Bank Ag has 23,042 shares for 0% of their US portfolio. Renaissance Technology Llc has invested 0% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE). Moreover, California State Teachers Retirement has 0% invested in CECO Environmental Corp. (NASDAQ:CECE) for 61,400 shares. Vanguard Group Inc Incorporated has invested 0% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE). The Pennsylvania-based Nationwide Fund Advsr has invested 0% in CECO Environmental Corp. (NASDAQ:CECE). Green Square Capital Limited Liability Corporation owns 65,822 shares or 0.14% of their US portfolio. Janney Montgomery Scott Limited has invested 0.01% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE). Weik Services accumulated 0.11% or 21,686 shares. Blackrock, a New York-based fund reported 8,114 shares. State Street reported 340,619 shares or 0% of all its holdings. Alphaone Invest Service, a Pennsylvania-based fund reported 139,600 shares. Goldman Sachs Group owns 18,551 shares or 0% of their US portfolio. Moreover, Ny State Common Retirement Fund has 0% invested in CECO Environmental Corp. (NASDAQ:CECE) for 30,900 shares. Rhumbline Advisers, a Massachusetts-based fund reported 35,916 shares.

Insider Transactions: Since November 18, 2016, the stock had 0 insider purchases, and 1 sale for $127,800 net activity. Cook Benton Lowell also sold $127,800 worth of CECO Environmental Corp. (NASDAQ:CECE) on Friday, November 18.

CECO Environmental Corp. (NASDAQ:CECE) Ratings Coverage

Out of 5 analysts covering CECO Environ. (NASDAQ:CECE), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. CECO Environ. has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. As per Friday, August 7, the company rating was upgraded by Drexel Hamilton. The stock of CECO Environmental Corp. (NASDAQ:CECE) earned “Hold” rating by Zacks on Wednesday, August 12. The stock of CECO Environmental Corp. (NASDAQ:CECE) earned “Hold” rating by Drexel Hamilton on Friday, August 7. The rating was upgraded by Seaport Global to “Buy” on Thursday, January 21. The rating was maintained by Roth Capital on Friday, March 11 with “Buy”. The firm has “Neutral” rating given on Thursday, November 17 by Seaport Global. The company was downgraded on Friday, March 11 by Drexel Hamilton.

CECE Company Profile

CECO Environmental Corp., incorporated on January 10, 2002, is a well-known provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial divisions. The Firm is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems. It provides a spectrum of services and products, including dampers and diverters, cyclonic technology, thermal oxidizers, filtration systems, scrubbers, fluid handling equipment, and plant engineering services and engineered design build fabrication. The Firm operates through three divisions: Environmental Segment, Energy Segment, and Fluid Handling and Filtration Segment.

More important recent CECO Environmental Corp. (NASDAQ:CECE) news were published by: Marketwatch.com which released: “Ceco Environmental downgraded to neutral from buy at Seaport Global” on March 26, 2011, also Prnewswire.com published article titled: “CECO Environmental Corp. Reports Third Quarter and Nine Months 2016 Results …”, Prnewswire.com published: “CECO Environmental 2016 Third Quarter Conference Call” on November 01, 2016. More interesting news about CECO Environmental Corp. (NASDAQ:CECE) was released by: Quotes.Wsj.com and their article: “News Ceco Environmental Corp.CECE” with publication date: February 12, 2011.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Marie Mckinney


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>