Tidewater Renewables Ltd. (OTCMKTS:TDWRF) Short Interest Up 619.2% in June

Tidewater Renewables Ltd. (OTCMKTS:TDWRF) was the target of a significant 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 daily volume of 15,836 shares, the short-interest ratio is currently 3.8 days.

Tidewater Renewables Price Performance

Shares of TDWRF stock remained flat at $9.00 during trading on Friday. The stock had a trading volume of 5 shares, compared to its average volume of 10,283. The business’s 50 day moving average is $7.95 and its two-hundred day moving average is $4.81. Tidewater Renewables has a 52 week low of $0.82 and a 52 week high of $9.83.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Tidewater Renewables in a research report on Friday, May 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus 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.