Trading volume for Fuel Tech Inc was 188K on Tuesday. Trading volume was up 192.00% over the stocks average daily volume.
Investors are more bullish on Fuel Tech Inc of late if you look at the decrease in short interest. The company had a fall in short interest of -11.32% as of the latest report on October 13, 2017. Short shares decreased from 124,856 to 110,724 over that timeframe. The short-interest ratio increased to 3.0 and the percentage of shorted shares is 0.00% as of October 13.
There has been some buying insider activity on Fuel Tech Inc (NASDAQ:FTEK) recently. Vincent J. Arnone, President & CEO reported the purchase of 32,000 shares of FTEK stock. The shares were purchased at an average price of $0.92. The President & CEO now owns $280,361 of the stock per the Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. Ubs Group Ag grew its holdings by buying 844 shares an increase of 16.4% in the quarter. Ubs Group Ag now controls 6,000 shares worth $5,000. The total value of its holdings decreased 0.0%. Grace & White Inc /ny augmented its stake by buying 41,035 shares an increase of 3.2% from 06/30/2017 to 09/30/2017. Grace & White Inc /ny controls 1,307,797 shares with a value of $1,334,000. The value of the position overall is up by 33.3%.
As of the end of the quarter Citadel Advisors LLC had bought a total of 7,448 shares growing its stake by 44.4%. The value of the investment in (FTEK) increased from $14,000 to $25,000 a change of 78.6% for the reporting period. Dimensional Fund Advisors Lp downsized its ownership by shedding 293,192 shares a decrease of 53.7% as of 09/30/2017. Dimensional Fund Advisors Lp currently owns 252,637 shares valued at $258,000. The total value of its holdings decreased 43.7%.
The company is trading down by 3.95% since yesterday’s close of 1.01. The company currently has a P/E ratio of N/A and the market cap of the company is 23.41M. As of the last earnings report the EPS was $-0.74 with 24.13M shares outstanding.
Fuel Tech, Inc., launched on October 25, 2006, is a technology company. The Company is involved in the development, commercialization and application of technologies for air pollution control, process optimization, combustion efficiency and engineering services. It operates through three segments: Air Pollution Control technology, FUEL CHEM technology and Fuel Conversion. The Air Pollution Control technology segment includes technologies to manage nitrogen oxides (NOx) emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources. The FUEL CHEM technology segment uses chemical processes in combination with computational fluid dynamics (CFD) and chemical kinetics modeling (CKM) boiler modeling, for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology. The Fuel Conversion segment represents the CARBONITE fuel conversion process and technology..