Short Interest Coverage: Is COATES INTERNATIONAL (OTCMKTS:COTE) a Buy? The Stock Reported more Sellers

November 30, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Coverage: Is COATES INTERNATIONAL (OTCMKTS:COTE) a Buy? The Stock Reported more Sellers

The stock of COATES INTERNATIONAL (OTCMKTS:COTE) registered an increase of 109.71% in short interest. COTE’s total short interest was 43,200 shares in November as published by FINRA. Its up 109.71% from 20,600 shares, reported previously. The stock increased 16.67% or $0.0001 on November 29, hitting $0.0007. Coates International Ltd (OTCMKTS:COTE) has risen 305.98% since May 3, 2016 and is uptrending. It has outperformed by 300.76% the S&P500.

Coates International, Ltd. is engaged in developing the Coates Spherical Rotary Valve system technology, which is adaptable for use in piston-driven internal combustion engines of various types. The company has a market cap of $1.84 million. The Company’s CSRV Engines produce only ultra-low levels of harmful emissions while in operation. It currently has negative earnings. Engines operating on the CSRV system technology can be powered by a selection of fuels.

COTE Company Profile

Coates International, Ltd., incorporated on October 28, 1991, is engaged in developing the Coates Spherical Rotary Valve (CSRV) system technology, which is adaptable for use in piston-driven internal combustion engines of various types. The Company’s CSRV Engines produce only ultra-low levels of harmful emissions while in operation. Engines operating on the CSRV system technology can be powered by a selection of fuels. The CSRV system is designed to replace the intake and exhaust conventional poppet valves used in almost all piston-driven stationary, automotive, motorcycle and marine engines. Unlike conventional valves, which protrude into the engine combustion chamber, the Coates rotary valve system utilizes spherical valves that rotate in a cavity formed between an over two-piece cylinder head. The Coates rotary valve system uses approximately 1/10th the moving parts of conventional poppet valve assemblies.

More recent Coates International Ltd (OTCMKTS:COTE) news were published by: Marketwatch.com which released: “George J. Coates Makes $100000 Further Investment in Coates International, Ltd …” on May 20, 2016. Also Marketwired.com published the news titled: “Coates International Ltd. Is Selling a Non-Exclusive License to Renown Power …” on September 25, 2014. Streetinsider.com‘s news article titled: “Form 4 COATES INTERNATIONAL For: Oct 31 Filed by: COATES GREGORY G” with publication date: October 08, 2014 was also an interesting one.

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By Winifred Garcia


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