Short Interest in OPAL Fuels Inc. (NASDAQ:OPAL) Decreases By 14.6%

OPAL Fuels Inc. (NASDAQ:OPAL) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,763,193 shares, a drop of 14.6% from the December 31st total of 2,065,010 shares. Based on an average daily volume of 254,591 shares, the days-to-cover ratio is currently 6.9 days. Approximately 6.5% of the company’s shares are short sold. Approximately 6.5% of the company’s shares are short sold. Based on an average daily volume of 254,591 shares, the days-to-cover ratio is currently 6.9 days.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 29th. Wall Street Zen upgraded OPAL Fuels from a “sell” rating to a “hold” rating in a report on Monday, January 5th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $2.81.

Institutional Trading of OPAL Fuels

Hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP acquired a new position in shares of OPAL Fuels during the second quarter worth $27,000. Vanguard Group Inc. lifted its holdings in OPAL Fuels by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company’s stock worth $2,549,000 after buying an additional 11,488 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in OPAL Fuels in the 2nd quarter valued at about $28,000. Intech Investment Management LLC acquired a new stake in shares of OPAL Fuels during the second quarter valued at about $28,000. Finally, Shay Capital LLC acquired a new stake in shares of OPAL Fuels during the second quarter valued at about $34,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

OPAL Fuels Stock Down 4.2%

Shares of OPAL Fuels stock opened at $2.26 on Wednesday. OPAL Fuels has a twelve month low of $1.26 and a twelve month high of $4.08. The stock has a market cap of $391.88 million, a price-to-earnings ratio of 113.06 and a beta of 1.07. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 32.18. The company has a fifty day moving average price of $2.45 and a 200 day moving average price of $2.38.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The business had revenue of $83.36 million during the quarter, compared to the consensus estimate of $98.03 million. Equities research analysts forecast that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

OPAL Fuels Company Profile

OPAL Fuels (NASDAQ: OPAL) is a publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation. The company operates a network of RNG fueling stations across California, offering fleets of trucks, transit buses and logistics providers a low-carbon alternative to conventional diesel without requiring significant changes to existing vehicle technology or fueling infrastructure.

OPAL Fuels sources organic byproducts from dairy farms, landfills and food-processing facilities, converting methane-rich biogas into pipeline-quality RNG through a series of anaerobic digestion and gas-upgrading processes.