Tidewater Renewables Ltd. (OTCMKTS:TDWRF) Short Interest Update

Tidewater Renewables Ltd. (OTCMKTS:TDWRF) saw a significant increase in short interest in 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 Trading Up 4.9%

OTCMKTS TDWRF opened at $9.14 on Friday. The stock has a 50-day simple moving average of $6.72 and a 200 day simple moving average of $3.91. Tidewater Renewables has a 12 month low of $0.82 and a 12 month high of $9.83.

Analysts Set New Price Targets

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

About Tidewater Renewables

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.