Clean Energy Fuels (CLNE) : The traders have covered their outstanding shorts in Clean Energy Fuels (CLNE) to the tune of -954,387 shares, a change of -12%. As on Jul 29, 2016, the outstanding shorts on the stock were 7,925,996 shares, however, by August 15, 2016, the shorts had reduced to 6,971,609 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 7% of the free float of the stock. It takes 2 days to cover the outstanding short positions. The stock has an average daily volume of 3,467,032 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Clean Energy Fuels (NASDAQ:CLNE): The stock opened at $4.30 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.35 for the day. The stock traded down to $4.18 during the day, due to lack of any buying support eventually closed down at $4.21 with a loss of -3.44% for the day. The stock had closed at $4.36 on the previous day. The total traded volume was 2,573,736 shares.
In a related news, Corbus Barclay, officer (SVP, Strategic Development) of Clean Energy Fuels Corp., executed a transaction worth $50,500 on August 17, 2016. A total of 12,500 shares were purchased at an average price of $4.04. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company designs, builds, operates and maintains fueling stations and supplies its customers with compressed natural gas (CNG) fuel for light, medium and heavy-duty vehicles and liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles. The Company also manufactures, sells and services non-lubricated natural gas fueling compressors and other equipment used in CNG stations and LNG stations. It provides operation and maintenance (O&M) services to customers, offers assessment, designs and modification solutions to provide operators with code-compliant service and maintenance facilities for natural gas vehicle fleets, transport. It offers vehicle finance services for some of its customers purchases of natural gas vehicles. The Company sells CNG to industrial and institutional energy users who do not have direct access to natural gas pipelines.