Tidewater Renewables Ltd. (OTCMKTS:TDWRF – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 60,797 shares, a growth of 619.2% from the May 31st total of 8,453 shares. Based on an average trading volume of 15,836 shares, the days-to-cover ratio is presently 3.8 days.
Tidewater Renewables Price Performance
Shares of OTCMKTS:TDWRF opened at $9.00 on Friday. The business’s 50 day moving average price is $7.95 and its 200-day moving average price is $4.81. Tidewater Renewables has a 1 year low of $0.82 and a 1 year high of $9.83.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of Tidewater Renewables in a research report on Friday, May 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.
Tidewater Renewables Company Profile
Tidewater Renewables (OTCMKTS:TDWRF) is a Canada-based renewable fuels company engaged in the production and distribution of low-carbon energy products. Its primary asset is a renewable diesel facility located in Geismar, Louisiana, where the company converts a variety of feedstocks—such as canola oil, soybean oil, and animal fats—into renewable diesel, renewable hydrogen and glycerin byproducts. Tidewater also develops renewable natural gas (RNG) projects, leveraging organic waste streams to produce pipeline-quality methane for industrial and utility customers.
The company sources feedstocks through an integrated procurement network across North America, emphasizing traceability and sustainability.
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