CECO Environmental Corp. (NASDAQ:CECO) Short Interest Up 27.3% in March

CECO Environmental Corp. (NASDAQ:CECO) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 3,158,867 shares, a growth of 27.3% from the February 26th total of 2,481,615 shares. Based on an average daily volume of 784,837 shares, the days-to-cover ratio is currently 4.0 days. Approximately 10.7% of the shares of the company are short sold.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $59.58 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.34 and a quick ratio of 1.16. The firm has a market capitalization of $2.12 billion, a PE ratio of 43.81 and a beta of 1.39. CECO Environmental has a 1-year low of $17.57 and a 1-year high of $81.72. The business’s fifty day moving average price is $64.95 and its two-hundred day moving average price is $58.23.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.35). CECO Environmental had a net margin of 6.46% and a return on equity of 10.60%. The firm had revenue of $214.69 million for the quarter, compared to analyst estimates of $205.39 million. During the same period last year, the firm posted $0.27 EPS. The business’s revenue was up 35.4% compared to the same quarter last year. On average, research analysts expect that CECO Environmental will post 0.67 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of CECO Environmental during the third quarter valued at approximately $25,000. Aventura Private Wealth LLC bought a new position in CECO Environmental in the 4th quarter worth approximately $30,000. Advisory Services Network LLC bought a new position in CECO Environmental in the 3rd quarter worth approximately $31,000. Global Retirement Partners LLC acquired a new stake in CECO Environmental in the 3rd quarter valued at approximately $50,000. Finally, First Horizon Corp bought a new stake in CECO Environmental during the 3rd quarter valued at $64,000. Institutional investors own 68.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CECO. Roth Mkm boosted their target price on shares of CECO Environmental from $58.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Weiss Ratings downgraded shares of CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, March 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 price target on shares of CECO Environmental in a report on Thursday, March 26th. HC Wainwright boosted their price objective on shares of CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Finally, Lake Street Capital reiterated a “buy” rating and set a $80.00 price objective on shares of CECO Environmental in a research note on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.20.

CECO Environmental Company Profile

CECO Environmental Corp. (NASDAQ: CECO) is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.

CECO’s core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.