Shorts Action: What’s Propelling Clean Energy Fuels Corporation (NASDAQ:CLNE) After Higher Shorts Reported?

November 29, 2016 - By Adrian Mccoy   ·   0 Comments

Shorts Action: What’s Propelling Clean Energy Fuels Corporation (NASDAQ:CLNE) After Higher Shorts Reported?

The stock of Clean Energy Fuels Corporation (NASDAQ:CLNE) registered an increase of 3.34% in short interest. CLNE’s total short interest was 10.49M shares in November as published by FINRA. Its up 3.34% from 10.15 million shares, reported previously. With 1.12M shares average volume, it will take short sellers 9 days to cover their CLNE’s short positions. The short interest to Clean Energy Fuels Corporation’s float is 9.22%. The stock decreased 4.88% or $0.18 during the last trading session, hitting $3.51. Clean Energy Fuels Corp (NASDAQ:CLNE) has risen 22.73% since April 26, 2016 and is uptrending. It has outperformed by 17.47% the S&P500.

Clean Energy Fuels Corp. is a well-known provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company has a market cap of $479.01 million. The Firm is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation, repair and maintenance (O&M) services for vehicle fleet customer stations. It currently has negative earnings.

Insitutional Activity: The institutional sentiment increased to 1.8 in 2016 Q2. Its up 0.20, from 1.6 in 2016Q1. The ratio improved, as 12 funds sold all Clean Energy Fuels Corp shares owned while 28 reduced positions. 17 funds bought stakes while 47 increased positions. They now own 33.18 million shares or 20.84% more from 27.46 million shares in 2016Q1.
The North Carolina-based Comml Bank Of America De has invested 0% in Clean Energy Fuels Corp (NASDAQ:CLNE). Kcg has 159,105 shares for 0.01% of their US portfolio. Blackrock Institutional Tru Company Na holds 0% or 2.13 million shares in its portfolio. The New Jersey-based Financial Architects has invested 0% in Clean Energy Fuels Corp (NASDAQ:CLNE). Guggenheim Cap Ltd Liability Co holds 0% or 22,414 shares in its portfolio. Creative Planning accumulated 66,423 shares or 0% of the stock. Credit Suisse Ag holds 0% or 157,008 shares in its portfolio. Da Davidson holds 7,950 shares or 0% of its portfolio. Swiss Bancorporation accumulated 0% or 119,100 shares. Legal General Group Incorporated Public Limited Company has 0% invested in the company for 10,258 shares. Grassi Inv Management owns 10,000 shares or 0.01% of their US portfolio. Clarivest Asset Mgmt Ltd Liability Com holds 0% or 43,375 shares in its portfolio. Thrivent For Lutherans last reported 0.01% of its portfolio in the stock. California Public Employees Retirement holds 222,000 shares or 0% of its portfolio. Moreover, Marshall Wace Llp has 0% invested in Clean Energy Fuels Corp (NASDAQ:CLNE) for 136,405 shares.

Insider Transactions: Since August 15, 2016, the stock had 5 insider buys, and 1 insider sale for $6.51 million net activity. Another trade for 12,500 shares valued at $50,491 was bought by Corbus Barclay. 29,000 shares were bought by Littlefair Andrew J, worth $99,166. On Wednesday, August 17 Mitchell Warren I bought $40,090 worth of the stock or 10,000 shares. Another trade for 1.50M shares valued at $6.84M was sold by PICKENS BOONE. Shares for $36,000 were bought by Scully Stephen.

Clean Energy Fuels Corp (NASDAQ:CLNE) Ratings Coverage

Out of 2 analysts covering Clean Energy Fuels (NASDAQ:CLNE), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Clean Energy Fuels has been the topic of 4 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was upgraded by Raymond James to “Mkt Perform” on Tuesday, January 5. The firm has “Sell” rating by Zacks given on Monday, August 24. As per Monday, August 31, the company rating was downgraded by Zacks.

CLNE Company Profile

Clean Energy Fuels Corp. (Clean Energy), incorporated on April 17, 2001, is a well-known provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Firm is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation, repair and maintenance (O&M) services for vehicle fleet customer stations. The Firm designs, builds, operates, services, repairs and maintains fueling stations; makes, sells and services non-lubricated natural gas fueling compressors and other equipment used in CNG stations and LNG stations; offers assessment, design and modification solutions to provide operators with code-compliant service and maintenance facilities for natural gas vehicle fleets, transports; sells CNG to large industrial and institutional energy users not having direct access to natural gas pipelines; processes and sells RNG; sells tradable credits generated by selling natural gas and RNG as a vehicle fuel, including credits generated under the California and the Oregon Low Carbon Fuel Standards (collectively, LCFS Credits) and Renewable Identification Numbers (RIN Credits or RINs) generated under the federal Renewable Fuel Standard Phase 2; helps its clients acquire and finance natural gas vehicles, and obtains federal, state and local tax credits, grants and incentives. It caters to various markets, including heavy-duty trucking, airports, refuse, public transit, industrial and institutional energy users and government fleets.

More notable recent Clean Energy Fuels Corp (NASDAQ:CLNE) news were published by: Fool.com which released: “3 Lessons From Clean Energy Fuels’ Latest 10-Q” on November 17, 2016, also Fool.com with their article: “Clean Energy Fuels Corp Stock Up 19% on Earnings Beat: Here’s What Investors …” published on August 10, 2016, Fool.com published: “Clean Energy Fuels Corp. Just Issued 20 Million Shares: Here’s Why Investors …” on July 23, 2016. More interesting news about Clean Energy Fuels Corp (NASDAQ:CLNE) were released by: Fool.com and their article: “Making Sense of Clean Energy Fuels’ Earnings” published on November 08, 2016 as well as Fool.com‘s news article titled: “Clean Energy Fuels Stock Down 15% After Earnings: Here’s What Investors Need …” with publication date: November 04, 2016.

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By Adrian Mccoy


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