Short Interest in Tidewater Renewables Ltd. (OTCMKTS:TDWRF) Rises By 9,615.4%

Tidewater Renewables Ltd. (OTCMKTS:TDWRF) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,315 shares, an increase of 9,615.4% from the April 30th total of 65 shares. Based on an average daily volume of 9,090 shares, the days-to-cover ratio is currently 0.7 days.

Tidewater Renewables Price Performance

Shares of OTCMKTS TDWRF remained flat at $8.71 during mid-day trading on Wednesday. The company had a trading volume of 6,100 shares, compared to its average volume of 9,273. The business has a fifty day moving average price of $6.55 and a 200-day moving average price of $3.81. Tidewater Renewables has a twelve month low of $0.82 and a twelve month high of $9.83.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of Tidewater Renewables in a report on Friday, May 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Tidewater Renewables presently has an average 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.