OPAL Fuels Inc. (NASDAQ:OPAL) Short Interest Down 19.4% in December

OPAL Fuels Inc. (NASDAQ:OPAL) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,755,248 shares, a drop of 19.4% from the November 30th total of 2,178,851 shares. Based on an average trading volume of 160,053 shares, the short-interest ratio is currently 11.0 days. Approximately 6.5% of the company’s stock are sold short. Approximately 6.5% of the company’s stock are sold short. Based on an average trading volume of 160,053 shares, the short-interest ratio is currently 11.0 days.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on OPAL shares. Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Wall Street Zen downgraded OPAL Fuels from a “hold” rating to a “sell” rating in a research note on Sunday, December 28th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of OPAL Fuels in a research report on Monday. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, OPAL Fuels currently has a consensus rating of “Reduce” and a consensus target price of $2.81.

OPAL Fuels Trading Down 10.6%

Shares of NASDAQ:OPAL opened at $2.36 on Friday. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.47 and a quick ratio of 1.33. The company has a market cap of $409.22 million, a P/E ratio of 118.06 and a beta of 1.07. The stock’s fifty day moving average price is $2.37 and its 200-day moving average price is $2.43. OPAL Fuels has a 1 year low of $1.26 and a 1 year high of $4.08.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The firm had revenue of $83.36 million for the quarter, compared to analysts’ expectations of $98.03 million. Sell-side analysts expect that OPAL Fuels will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On OPAL Fuels

A number of large investors have recently added to or reduced their stakes in OPAL. Engineers Gate Manager LP bought a new position in shares of OPAL Fuels during the 2nd quarter valued at $27,000. Intech Investment Management LLC purchased a new stake in OPAL Fuels during the second quarter valued at $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in OPAL Fuels in the second quarter valued at about $28,000. AssuredPartners Investment Advisors LLC bought a new position in OPAL Fuels in the third quarter valued at about $33,000. Finally, Shay Capital LLC purchased a new position in OPAL Fuels in the second quarter worth about $34,000. Institutional investors own 12.16% of the company’s stock.

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.