WALTHAM, Mass., July 13, 2012 /PRNewswire/ -- American DG Energy Inc. (NYSE MKT: ADGE), a leading On‑Site Utility, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, today announced that it has received numerous inquiries from investors about the volatility and increased trading of its Common Stock. Since joining the Russell 3000® Index on June 25th, 2012, the Company has seen increased trading of its Common Stock, but has also seen its short position increase from approximately 83,000 shares to over 1.1 million shares. This increase in trading and in the short position also happened the first time the Company joined the Russell 3000® Index in June 2010. The Company has been informed that part of the trading activity is due to computer trading.
In other news, the Company has recently been featured in the following trade publications:
Recreation Management:
http://www.recmanagement.com/feature_print.php?fid=201207we01
Lodging Magazine:
http://bluetoad.com/publication/?i=117810&p=40
Green Lodging News:
http://www.greenlodgingnews.com/sustainable-energy-strategy-that-improves-property
Hotel Business:
http://www.americandg.com/images/stories/documents/articles/hotel%20business.pdf
Corpmagazine.com:
http://www.corpmagazine.com/technology/green/itemid/9618/get-smart-about-heat-not-just-energy
On-Site Utility
American DG Energy sells the energy produced from an onsite energy system to an individual property as an alternative to the outright sale of energy equipment. On-Site Utility customers only pay for the energy produced by the system and receive a guaranteed discount rate on the price of the energy. All system capital, installation and operating expenses are paid by American DG Energy.
About American DG Energy
American DG Energy supplies low-cost energy to its customers through distributed power generating systems. The Company is committed to providing institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by local utilities – without any capital or start-up costs to the energy user – through its On-Site Utility energy solutions. American DG Energy is headquartered in Waltham, Massachusetts. More information can be found at www.americandg.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Important factors could cause actual results to differ materially from those indicated by such forward-looking statements, as disclosed on the Company's website and in Securities and Exchange Commission filings. This press release does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
ADGE |
|
Short Interest 06/15/2011 - 06/29/2012 |
|
(NYSE Trading Information Only) |
|
Month |
Short Shares |
06/29/2012 |
1,163,818 |
06/15/2012 |
82,713 |
05/31/2012 |
85,764 |
05/15/2012 |
91,303 |
04/30/2012 |
97,497 |
04/13/2012 |
107,508 |
03/30/2012 |
103,753 |
03/15/2012 |
99,529 |
02/29/2012 |
99,062 |
02/15/2012 |
128,009 |
01/31/2012 |
127,089 |
01/13/2012 |
129,869 |
12/30/2011 |
125,693 |
12/15/2011 |
132,081 |
11/30/2011 |
119,434 |
11/15/2011 |
109,443 |
10/31/2011 |
109,547 |
10/14/2011 |
122,691 |
09/30/2011 |
176,780 |
09/15/2011 |
192,207 |
08/31/2011 |
264,358 |
08/15/2011 |
285,981 |
07/29/2011 |
408,202 |
07/15/2011 |
405,746 |
06/30/2011 |
637,568 |
06/15/2011 |
981,322 |
SOURCE American DG Energy Inc.
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