Montauk Renewables, Inc. (NASDAQ:MNTK) Sees Significant Growth in Short Interest

Montauk Renewables, Inc. (NASDAQ:MNTK) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,642,053 shares, a growth of 45.8% from the January 15th total of 1,126,178 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average daily volume of 1,352,718 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 1,352,718 shares, the short-interest ratio is currently 1.2 days. Currently, 2.5% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MNTK. Zacks Research raised shares of Montauk Renewables from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Weiss Ratings restated a “sell (d)” rating on shares of Montauk Renewables in a research report on Thursday, January 22nd. Wall Street Zen lowered Montauk Renewables from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Tudor Pickering raised shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Montauk Renewables has a consensus rating of “Hold” and an average price target of $3.33.

Montauk Renewables Trading Down 0.6%

MNTK opened at $1.71 on Friday. Montauk Renewables has a 12 month low of $1.37 and a 12 month high of $4.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $243.26 million, a price-to-earnings ratio of -28.50 and a beta of 0.07. The business has a fifty day moving average price of $1.67 and a 200 day moving average price of $1.89.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its position in shares of Montauk Renewables by 799.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,696 shares of the company’s stock valued at $26,000 after purchasing an additional 10,396 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Montauk Renewables by 92.3% in the third quarter. BNP Paribas Financial Markets now owns 13,175 shares of the company’s stock valued at $26,000 after purchasing an additional 6,323 shares in the last quarter. Virtu Financial LLC acquired a new position in Montauk Renewables in the 3rd quarter worth about $28,000. Corient Private Wealth LLC acquired a new position in Montauk Renewables in the second quarter worth approximately $36,000. Finally, Two Sigma Investments LP bought a new position in shares of Montauk Renewables during the 3rd quarter valued at $34,000. 16.35% of the stock is currently owned by institutional investors.

Montauk Renewables Company Profile

Montauk Renewables Holdings, Inc is a renewable energy company headquartered in Irving, Texas, specializing in the capture and conversion of landfill gas into clean energy products. The company’s core operations focus on the design, development and operation of landfill gas collection systems that extract methane and other biogases generated by municipal solid waste. Montauk processes this gas into renewable natural gas (RNG) suitable for pipeline injection and also generates electricity for sale to utilities and commercial consumers.

Through its subsidiaries, Montauk provides a suite of environmental and waste‐management services across the United States and Canada.