Fusion Fuel Green PLC (NASDAQ:HTOO) Sees Large Drop in Short Interest

Fusion Fuel Green PLC (NASDAQ:HTOO) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 15,496 shares, a drop of 55.4% from the May 14th total of 34,775 shares. Based on an average daily volume of 32,556 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.6% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Fusion Fuel Green from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Fusion Fuel Green Trading Up 0.3%

Shares of NASDAQ HTOO traded up $0.01 during midday trading on Friday, hitting $2.95. The company’s stock had a trading volume of 12,176 shares, compared to its average volume of 27,998. The business’s fifty day simple moving average is $3.09 and its two-hundred day simple moving average is $3.40. Fusion Fuel Green has a 1 year low of $2.41 and a 1 year high of $12.63.

Fusion Fuel Green (NASDAQ:HTOO) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.68) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($12.18) by $11.50. The firm had revenue of $4.37 million during the quarter, compared to analysts’ expectations of $3.54 million.

Fusion Fuel Green Company Profile

Fusion Fuel Green PLC (NASDAQ:HTOO) is a renewable energy company focused on the development and commercialization of green hydrogen production technologies. The company specializes in solar-driven hydrogen generation, leveraging proprietary microelectrolyzer systems combined with concentrated solar power (CSP) to produce hydrogen with zero carbon emissions. Fusion Fuel’s ATHENA platform integrates advanced solar collectors, power electronics and modular electrolyzers to convert solar energy directly into green hydrogen, positioning the company as a provider of emission-free fuel solutions for industrial, transportation and utility applications.

At the core of Fusion Fuel’s offering is its scalable, containerized hydrogen production unit, which can be deployed in on-site or grid-connected installations.