Advanced Emissions Solutions, Inc. (NASDAQ:ADES) Short Interest Down 22.7% in March

Advanced Emissions Solutions, Inc. (NASDAQ:ADESGet Rating) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 112,200 shares, a decline of 22.7% from the March 15th total of 145,200 shares. Based on an average daily trading volume, of 106,000 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the shares of the company are short sold.

Several research analysts have commented on the company. TheStreet downgraded Advanced Emissions Solutions from a “b-” rating to a “c” rating in a research report on Friday, April 1st. StockNews.com upgraded Advanced Emissions Solutions from a “buy” rating to a “strong-buy” rating in a research report on Sunday.

A number of large investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Advanced Emissions Solutions in the fourth quarter valued at $228,000. BlackRock Inc. grew its position in Advanced Emissions Solutions by 1.1% in the fourth quarter. BlackRock Inc. now owns 367,673 shares of the industrial products company’s stock valued at $2,434,000 after acquiring an additional 4,177 shares during the period. State of Tennessee Treasury Department grew its position in Advanced Emissions Solutions by 102.8% in the fourth quarter. State of Tennessee Treasury Department now owns 49,860 shares of the industrial products company’s stock valued at $330,000 after acquiring an additional 25,279 shares during the period. Susquehanna International Group LLP grew its position in Advanced Emissions Solutions by 86.3% in the fourth quarter. Susquehanna International Group LLP now owns 109,249 shares of the industrial products company’s stock valued at $723,000 after acquiring an additional 50,609 shares during the period. Finally, Millennium Management LLC grew its position in Advanced Emissions Solutions by 11.3% in the fourth quarter. Millennium Management LLC now owns 148,021 shares of the industrial products company’s stock valued at $980,000 after acquiring an additional 15,011 shares during the period. Hedge funds and other institutional investors own 43.60% of the company’s stock.

ADES opened at $6.29 on Tuesday. The stock has a market cap of $118.51 million, a PE ratio of 1.92 and a beta of 0.48. The company has a current ratio of 4.79, a quick ratio of 4.44 and a debt-to-equity ratio of 0.02. Advanced Emissions Solutions has a 1 year low of $4.60 and a 1 year high of $8.41. The stock’s 50 day simple moving average is $6.20 and its 200-day simple moving average is $6.48.

Advanced Emissions Solutions (NASDAQ:ADESGet Rating) last released its quarterly earnings data on Tuesday, March 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $25.76 million for the quarter. Advanced Emissions Solutions had a return on equity of 45.86% and a net margin of 63.35%.

Advanced Emissions Solutions Company Profile (Get Rating)

Advanced Emissions Solutions, Inc, together with its subsidiaries, provides environmental technologies and specialty chemicals in the United States. It operates through two segments, Refined Coal and Advanced Purification Technologies. The company offers CyClean technology, a pre-combustion coal treatment process to enhance combustion, as well as to reduce emissions of nitrogen oxide and mercury from coals burned in cyclone boilers; and M-45 and M-45-PC technologies, which are pre-combustion coal treatment technologies used to control emissions from circulating fluidized bed boilers and pulverized coal boilers.

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