Short Interest in Tidewater Renewables Ltd. (OTCMKTS:TDWRF) Decreases By 99.1%

Tidewater Renewables Ltd. (OTCMKTS:TDWRF) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 65 shares, a decrease of 99.1% from the April 15th total of 7,542 shares. Based on an average trading volume of 24,804 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reissued a “sector perform” rating on shares of Tidewater Renewables in a research note on Friday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Tidewater Renewables Stock Up 5.7%

Shares of TDWRF traded up $0.44 during mid-day trading on Monday, hitting $8.22. 100 shares of the company were exchanged, compared to its average volume of 9,856. Tidewater Renewables has a 1-year low of $0.82 and a 1-year high of $8.48. The company has a 50 day moving average of $5.63 and a 200-day moving average of $3.31.

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.