Alternus Clean Energy Inc (NASDAQ:ALCE) Short Interest Update

Alternus Clean Energy Inc (NASDAQ:ALCE) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 231,900 shares, a drop of 15.2% from the March 31st total of 273,500 shares. Currently, 4.1% of the company’s shares are sold short. Based on an average daily volume of 569,500 shares, the short-interest ratio is currently 0.4 days.

Alternus Clean Energy Stock Up 4.3 %

NASDAQ ALCE opened at $0.34 on Monday. Alternus Clean Energy has a 12 month low of $0.29 and a 12 month high of $11.13. The firm has a 50-day moving average of $0.42.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ALCE. Cowen AND Company LLC bought a new position in shares of Alternus Clean Energy during the fourth quarter worth $45,000. Kim LLC acquired a new stake in Alternus Clean Energy during the 4th quarter worth $60,000. Finally, Bracebridge Capital LLC bought a new position in Alternus Clean Energy during the fourth quarter worth about $90,000.

About Alternus Clean Energy

Alternus Energy Group Plc operates as an international vertically integrated independent power producer. It owns, develops, installs, and operates midsized utility scale solar parks. The company was incorporated in 2019 and is headquartered in Dublin, Ireland.