CEA Industries Inc. (NASDAQ:CEAD) Short Interest Up 41.6% in October

by · The Cerbat Gem

CEA Industries Inc. (NASDAQ:CEAD – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 12,600 shares, a growth of 41.6% from the September 30th total of 8,900 shares. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.9% of the shares of the stock are sold short.

CEA Industries Price Performance

Shares of CEAD traded down $0.02 during midday trading on Tuesday, hitting $6.78. 14,158 shares of the company traded hands, compared to its average volume of 7,154. CEA Industries has a one year low of $5.22 and a one year high of $11.04. The firm has a market cap of $5.36 million, a P/E ratio of -1.47 and a beta of 1.06. The stock has a 50-day moving average of $6.91 and a 200-day moving average of $7.25.

CEA Industries (NASDAQ:CEAD – Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported ($0.66) earnings per share for the quarter. CEA Industries had a negative return on equity of 26.52% and a negative net margin of 100.41%. The firm had revenue of $1.76 million for the quarter.

About CEA Industries

(Get Free Report)

CEA Industries Inc provides environmental control, and other technologies and services to the controlled environment agriculture (CEA) industry worldwide. It offers floor plans and architectural design for cultivation facilities; licensed mechanical, electrical, and plumbing engineering services for commercial scale environmental control systems that are specific to cultivation facilities; and process cooling systems and other climate control systems.

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