OPAL Fuels Inc. (NASDAQ:OPAL) Short Interest Update

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

OPAL Fuels Stock Up 2.2%

Shares of NASDAQ OPAL opened at $2.36 on Tuesday. The company has a debt-to-equity ratio of 32.18, a quick ratio of 1.33 and a current ratio of 1.47. OPAL Fuels has a 1 year low of $1.26 and a 1 year high of $4.08. The stock’s 50-day simple moving average is $2.45 and its 200-day simple moving average is $2.39. The firm has a market cap of $409.22 million, a price-to-earnings ratio of 118.06 and a beta of 1.07.

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

Analyst Ratings Changes

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

Institutional Trading of OPAL Fuels

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP acquired a new stake in OPAL Fuels in the second quarter valued at $27,000. Intech Investment Management LLC bought a new stake in shares of OPAL Fuels in the 2nd quarter worth about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of OPAL Fuels in the 2nd quarter valued at about $28,000. AssuredPartners Investment Advisors LLC acquired a new stake in shares of OPAL Fuels in the 3rd quarter valued at about $33,000. Finally, Shay Capital LLC bought a new position in shares of OPAL Fuels during the second quarter worth about $34,000. Institutional investors own 12.16% of the company’s stock.

About OPAL Fuels

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.