Shares last traded at $1.66 impressively lower than $1.86, the stock’s 50 day moving average and which is significantly lower than the 200 day moving average of $2.45. The 50 day moving average was down $-0.20 or -10.65% whereas the 200 day average was down by -32.35%. Trading was light with 106K shares changing hands in the last trading session. Volume was down 75.57% under the stocks average daily volume.
Investors are feeling more bearish on the company at least if you consider the change in short interest. The firm recorded a rise in short interest of 17.77% as of October 13, 2017 from the last reporting period. Short interest grew from 353,932 to 416,843 over that period. With short interest at 416,843 and short average daily volume at 546,777, days to cover is 1.0 and the percentage of shorted shares was 26.54% on October 13.
As of the latest earnings report the EPS was $-1.98 and is estimated to be $-0.31 for the current year with 15,727,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $-0.05 and the next full year EPS is projected to be $0.07.
Clean Diesel Technologies, Inc., launched on January 19, 1994, commercializes its material technology by manufacturing and distributing light duty vehicle catalysts, and heavy duty diesel emissions control systems and products to automakers, distributors, integrators and retrofitters. The Company operates through two business division segments: Catalyst and Heavy Duty Diesel Systems. The Company has operations in the United States, Canada, the United Kingdom, France, Japan and Sweden, as well as an Asian investment. It develops materials incorporating various base metals that replace platinum group metals (PGM) and rare earth metals in coatings on vehicle catalytic converters..