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

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

Tidewater Renewables Price Performance

Shares of Tidewater Renewables stock opened at $8.22 on Wednesday. Tidewater Renewables has a one year low of $0.82 and a one year high of $8.48. The stock’s fifty day moving average is $5.71 and its 200 day moving average is $3.35.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Tidewater Renewables in a research report on Friday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock 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.