Short interest in Fusion Fuel Green PLC (NASDAQ:HTOO) experienced a significant increase of 41.0% in December 2023. As of December 15, the total short interest reached 111,774 shares, up from 79,272 shares reported on November 30. Currently, approximately 17.5% of the company’s shares are short sold, which indicates a growing bearish sentiment among investors.
The days-to-cover ratio, based on an average daily trading volume of 1,843,677 shares, stands at 0.1 days. This metric provides insight into how quickly short positions could be covered based on current trading activity, suggesting that the market is closely monitoring the stock’s movement.
On the same day, shares of Fusion Fuel Green traded down by 7.5%, closing at $3.33. The trading volume for that day was 57,626 shares, which is below the company’s average volume of 373,088 shares. Over the past 50 days, the stock has maintained a moving average of $3.90, while its 200-day moving average is $4.88. The company currently holds a market capitalization of $2.61 million, a P/E ratio of -0.37, and a beta of 1.64. Over the past year, the stock has fluctuated between a low of $2.92 and a high of $28.35.
Analysts’ Perspectives on HTOO Stock
Several analysts have weighed in on Fusion Fuel Green in recent reports. Weiss Ratings reaffirmed a “sell (e+)” rating for the shares on October 8, 2023. Meanwhile, Wall Street Zen upgraded the stock from a “sell” rating to a “hold” rating on September 13. According to data from MarketBeat, the overall consensus rating for the company remains a “Sell,” with one analyst recommending this position.
About Fusion Fuel Green PLC
Fusion Fuel Green PLC is a renewable energy company dedicated to the advancement and commercialization of green hydrogen production technologies. The firm specializes in solar-driven hydrogen generation, utilizing proprietary microelectrolyzer systems combined with concentrated solar power (CSP) to produce hydrogen with zero carbon emissions.
The company’s ATHENA platform combines advanced solar collectors, power electronics, and modular electrolyzers to directly convert solar energy into green hydrogen. This positions Fusion Fuel as a key player in providing emission-free fuel solutions for various sectors, including industrial, transportation, and utility applications. The centerpiece of Fusion Fuel’s offerings is a scalable, containerized hydrogen production unit, designed for deployment in both on-site and grid-connected installations.
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