CEA Industries Inc. (NASDAQ:CEAD) Sees Significant Increase in Short Interest

CEA Industries Inc. (NASDAQ:CEAD – Get Rating) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 112,300 shares, an increase of 6.7% from the February 13th total of 105,200 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 74,300 shares, the days-to-cover ratio is currently 1.5 days.

CEA Industries Price Performance

CEAD stock opened at $0.91 on Friday. The company’s 50 day moving average is $0.97 and its two-hundred day moving average is $1.00. CEA Industries has a twelve month low of $0.77 and a twelve month high of $3.01.

Hedge Funds Weigh In On CEA Industries

Hedge funds have recently modified their holdings of the business. Millennium Management LLC purchased a new position in shares of CEA Industries during the second quarter worth approximately $26,000. Vanguard Group Inc. purchased a new position in CEA Industries in the 3rd quarter valued at $25,000. State Street Corp purchased a new position in CEA Industries in the 3rd quarter valued at $29,000. Virtu Financial LLC purchased a new position in CEA Industries in the 1st quarter valued at $93,000. Finally, Levin Capital Strategies L.P. purchased a new position in CEA Industries in the 3rd quarter valued at $137,000. 11.01% of the stock is currently owned by hedge funds and other institutional investors.

CEA Industries Company Profile

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CEA Industries, Inc engages in in the development, design, and distribution of cultivation technologies for controlled environment agriculture, primarily for cannabis crops. It offers controlled climate systems, controls, and biosecurity cultivation products, and MEP engineering, odor control, and installation support services.