OPAL Fuels Inc. (NASDAQ:OPAL) Short Interest Up 20.4% in February

OPAL Fuels Inc. (NASDAQ:OPAL) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 1,180,000 shares, an increase of 20.4% from the January 31st total of 979,900 shares. Based on an average trading volume of 120,900 shares, the days-to-cover ratio is currently 9.8 days. Approximately 6.6% of the shares of the stock are short sold.

OPAL Fuels Stock Performance

Shares of NASDAQ OPAL opened at $2.35 on Friday. The firm has a fifty day moving average of $3.05 and a 200 day moving average of $3.43. The firm has a market cap of $406.15 million, a PE ratio of 13.06 and a beta of 0.56. OPAL Fuels has a one year low of $2.27 and a one year high of $5.18.

Institutional Trading of OPAL Fuels

Several institutional investors have recently modified their holdings of OPAL. Squarepoint Ops LLC lifted its stake in OPAL Fuels by 20.2% in the 4th quarter. Squarepoint Ops LLC now owns 31,983 shares of the company’s stock valued at $108,000 after buying an additional 5,377 shares in the last quarter. Ardsley Advisory Partners LP lifted its position in shares of OPAL Fuels by 20.0% in the fourth quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company’s stock valued at $508,000 after acquiring an additional 25,000 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of OPAL Fuels in the fourth quarter worth approximately $238,000. Marshall Wace LLP purchased a new stake in shares of OPAL Fuels during the fourth quarter worth approximately $389,000. Finally, Invesco Ltd. raised its stake in OPAL Fuels by 22.5% in the 4th quarter. Invesco Ltd. now owns 1,446,536 shares of the company’s stock valued at $4,904,000 after purchasing an additional 265,762 shares during the last quarter. Institutional investors and hedge funds own 12.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut their price target on OPAL Fuels from $3.90 to $3.40 and set a “sell” rating for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, OPAL Fuels presently has an average rating of “Hold” and a consensus target price of $6.78.

OPAL Fuels Company Profile

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.