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

OPAL Fuels Inc. (NASDAQ:OPAL) saw a significant increase in short interest during the month of 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 daily volume of 120,900 shares, the short-interest ratio is presently 9.8 days. Approximately 6.6% of the shares of the stock are short sold.

OPAL Fuels Stock Performance

OPAL traded down $0.04 during midday trading on Thursday, hitting $2.33. The stock had a trading volume of 31,773 shares, compared to its average volume of 116,952. OPAL Fuels has a 1 year low of $2.27 and a 1 year high of $5.18. The company has a market cap of $401.83 million, a P/E ratio of 12.92 and a beta of 0.53. The business has a fifty day moving average of $3.07 and a 200 day moving average of $3.43.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Invesco Ltd. grew its position in OPAL Fuels by 22.5% during the 4th quarter. Invesco Ltd. now owns 1,446,536 shares of the company’s stock worth $4,904,000 after acquiring an additional 265,762 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of OPAL Fuels in the 4th quarter valued at approximately $389,000. Russell Investments Group Ltd. boosted its position in shares of OPAL Fuels by 28.9% during the fourth quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company’s stock valued at $1,708,000 after purchasing an additional 113,034 shares in the last quarter. Yaupon Capital Management LP grew its stake in OPAL Fuels by 17.0% in the third quarter. Yaupon Capital Management LP now owns 700,054 shares of the company’s stock worth $2,555,000 after purchasing an additional 101,955 shares during the period. Finally, Jane Street Group LLC purchased a new stake in OPAL Fuels in the fourth quarter worth $238,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

Analyst Upgrades and Downgrades

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