Montauk Renewables, Inc. (NASDAQ:MNTK) Short Interest Down 19.2% in December

Montauk Renewables, Inc. (NASDAQ:MNTK) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 1,082,146 shares, a decline of 19.2% from the December 15th total of 1,338,997 shares. Based on an average daily volume of 138,974 shares, the short-interest ratio is currently 7.8 days. Approximately 1.7% of the shares of the company are sold short. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 138,974 shares, the short-interest ratio is currently 7.8 days.

Analysts Set New Price Targets

Several equities analysts have weighed in on MNTK shares. Zacks Research raised shares of Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Weiss Ratings restated a “sell (d)” rating on shares of Montauk Renewables in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Montauk Renewables from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Tudor Pickering upgraded Montauk Renewables from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $3.33.

Montauk Renewables Price Performance

Shares of MNTK traded down $0.02 during midday trading on Monday, hitting $1.43. 111,743 shares of the company traded hands, compared to its average volume of 113,372. The stock has a market cap of $203.43 million, a price-to-earnings ratio of -23.83 and a beta of 0.07. The firm has a 50 day moving average of $1.72 and a 200-day moving average of $1.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33. Montauk Renewables has a 52 week low of $1.41 and a 52 week high of $4.71.

Montauk Renewables (NASDAQ:MNTK) last posted its earnings results on Wednesday, November 5th. The company reported $0.04 EPS for the quarter. The company had revenue of $45.26 million for the quarter, compared to the consensus estimate of $44.28 million. Montauk Renewables had a negative return on equity of 3.57% and a negative net margin of 5.72%. On average, analysts forecast that Montauk Renewables will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Montauk Renewables

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC bought a new position in Montauk Renewables during the first quarter valued at $62,000. Jane Street Group LLC raised its position in shares of Montauk Renewables by 303.4% during the 1st quarter. Jane Street Group LLC now owns 100,834 shares of the company’s stock valued at $213,000 after buying an additional 75,836 shares in the last quarter. Strs Ohio bought a new position in shares of Montauk Renewables in the 1st quarter valued at about $84,000. Nisa Investment Advisors LLC grew its position in Montauk Renewables by 799.7% in the second quarter. Nisa Investment Advisors LLC now owns 11,696 shares of the company’s stock worth $26,000 after acquiring an additional 10,396 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Montauk Renewables during the second quarter worth approximately $65,000. Institutional investors own 16.35% of the company’s stock.

About Montauk Renewables

Montauk Renewables Holdings, Inc is a renewable energy company headquartered in Irving, Texas, specializing in the capture and conversion of landfill gas into clean energy products. The company’s core operations focus on the design, development and operation of landfill gas collection systems that extract methane and other biogases generated by municipal solid waste. Montauk processes this gas into renewable natural gas (RNG) suitable for pipeline injection and also generates electricity for sale to utilities and commercial consumers.

Through its subsidiaries, Montauk provides a suite of environmental and waste?management services across the United States and Canada.