Tidewater Renewables Ltd. (OTCMKTS:TDWRF) Sees Large Growth in Short Interest

Tidewater Renewables Ltd. (OTCMKTS:TDWRF) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 4,800 shares, a growth of 2,300.0% from the August 15th total of 200 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is currently 2.5 days.

Tidewater Renewables Stock Performance

Shares of TDWRF opened at $1.85 on Friday. Tidewater Renewables has a 1 year low of $1.85 and a 1 year high of $7.73. The stock’s fifty day moving average price is $4.08 and its two-hundred day moving average price is $4.85.

About Tidewater Renewables

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.