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

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,180,000 shares, an increase of 20.4% from the January 31st total of 979,900 shares. Based on an average trading volume of 120,900 shares, the short-interest ratio is presently 9.8 days. Approximately 6.6% of the shares of the company are sold short.

Hedge Funds Weigh In On OPAL Fuels

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in shares of OPAL Fuels by 22.5% in the 4th quarter. Invesco Ltd. now owns 1,446,536 shares of the company's stock worth $4,904,000 after acquiring an additional 265,762 shares during the period. Yaupon Capital Management LP grew its holdings in shares of OPAL Fuels by 17.0% in the 3rd quarter. Yaupon Capital Management LP now owns 700,054 shares of the company's stock worth $2,555,000 after acquiring an additional 101,955 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of OPAL Fuels by 28.9% in the 4th quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company's stock worth $1,708,000 after acquiring an additional 113,034 shares during the period. Geode Capital Management LLC grew its holdings in shares of OPAL Fuels by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 262,876 shares of the company's stock worth $891,000 after acquiring an additional 5,327 shares during the period. Finally, Ardsley Advisory Partners LP grew its holdings in shares of OPAL Fuels by 20.0% in the 4th quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company's stock worth $508,000 after acquiring an additional 25,000 shares during the period. Institutional investors and hedge funds own 12.16% of the company's stock.

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OPAL Fuels Price Performance

NASDAQ OPAL traded down $0.07 on Monday, hitting $2.28. 83,722 shares of the company's stock were exchanged, compared to its average volume of 117,945. The firm's 50-day moving average price is $3.03 and its two-hundred day moving average price is $3.41. OPAL Fuels has a fifty-two week low of $2.25 and a fifty-two week high of $5.18. The firm has a market cap of $394.05 million, a price-to-earnings ratio of 12.67 and a beta of 0.56.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group dropped their target price on OPAL Fuels from $3.90 to $3.40 and set a "sell" rating on the stock in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, OPAL Fuels presently has a consensus rating of "Hold" and a consensus price target of $6.78.

OPAL Fuels Company Profile

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.