Short Interest in OPAL Fuels Inc. (NASDAQ:OPAL) Increases By 17.2%

OPAL Fuels Inc. (NASDAQ:OPALGet Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 682,000 shares, a growth of 17.2% from the April 30th total of 581,700 shares. Based on an average daily trading volume, of 66,000 shares, the days-to-cover ratio is presently 10.3 days. Currently, 3.9% of the shares of the company are short sold.

Insider Buying and Selling at OPAL Fuels

In other OPAL Fuels news, COO Anthony Falbo sold 9,621 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $4.89, for a total value of $47,046.69. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO Anthony Falbo sold 9,621 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $4.89, for a total transaction of $47,046.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Scott V. Dols purchased 11,192 shares of the stock in a transaction dated Monday, May 20th. The shares were bought at an average cost of $5.06 per share, for a total transaction of $56,631.52. Following the completion of the purchase, the director now owns 34,823 shares in the company, valued at $176,204.38. The disclosure for this purchase can be found here. 84.43% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DAVENPORT & Co LLC purchased a new position in OPAL Fuels in the 4th quarter valued at about $61,000. Bank of New York Mellon Corp purchased a new position in shares of OPAL Fuels during the 3rd quarter worth about $125,000. Levin Capital Strategies L.P. purchased a new position in shares of OPAL Fuels during the 1st quarter worth about $136,000. Advisors Asset Management Inc. lifted its holdings in shares of OPAL Fuels by 27.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 43,005 shares of the company’s stock worth $353,000 after acquiring an additional 9,223 shares during the period. Finally, Yarra Square Partners LP lifted its holdings in shares of OPAL Fuels by 18.9% during the 4th quarter. Yarra Square Partners LP now owns 313,900 shares of the company’s stock worth $1,733,000 after acquiring an additional 50,000 shares during the period. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on OPAL shares. UBS Group lowered their price target on shares of OPAL Fuels from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, March 19th. Piper Sandler lowered their price objective on shares of OPAL Fuels from $13.00 to $8.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Scotiabank lowered their price objective on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. B. Riley lowered their price objective on shares of OPAL Fuels from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, The Goldman Sachs Group lowered their price objective on shares of OPAL Fuels from $5.80 to $5.00 and set a “sell” rating on the stock in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.67.

Get Our Latest Report on OPAL Fuels

OPAL Fuels Trading Up 0.6 %

NASDAQ:OPAL opened at $4.83 on Monday. The firm has a market cap of $833.08 million, a price-to-earnings ratio of 6.44 and a beta of 0.53. The company’s 50-day moving average is $4.84 and its two-hundred day moving average is $5.05. OPAL Fuels has a 12-month low of $4.43 and a 12-month high of $8.46.

OPAL Fuels (NASDAQ:OPALGet Free Report) last released its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The firm had revenue of $64.95 million during the quarter, compared to analysts’ expectations of $85.18 million. OPAL Fuels had a net margin of 9.23% and a negative return on equity of 1.06%. During the same quarter last year, the company posted ($0.06) earnings per share. On average, equities research analysts forecast that OPAL Fuels will post 0.69 earnings per share for the current fiscal year.

About OPAL Fuels

(Get Free Report)

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.

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