Tidewater Renewables Ltd. (OTCMKTS:TDWRF) Sees Significant Increase in Short Interest

Tidewater Renewables Ltd. (OTCMKTS:TDWRF) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 8,000 shares, a growth of 158.1% from the December 31st total of 3,100 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is presently 13.3 days.

Tidewater Renewables Price Performance

Tidewater Renewables stock remained flat at $0.56 during trading hours on Thursday. Tidewater Renewables has a 52-week low of $0.55 and a 52-week high of $6.30. The stock’s fifty day moving average is $0.60 and its 200-day moving average is $1.93.

Tidewater Renewables Company Profile

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The company intends to supply low carbon fuels to investment grade counterparties, existing customers, government entities, Indigenous groups, and others in the transportation, utilities, refining, marketing, and power industries.