Montauk Renewables, Inc. (NASDAQ:MNTK) Short Interest Update

Montauk Renewables, Inc. (NASDAQ:MNTK) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 1,082,146 shares, a decline of 19.2% from the December 15th total of 1,338,997 shares. Based on an average daily volume of 138,974 shares, the short-interest ratio is presently 7.8 days. Approximately 1.7% of the company’s stock are short sold. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 138,974 shares, the short-interest ratio is presently 7.8 days.

Montauk Renewables Stock Performance

Shares of Montauk Renewables stock opened at $1.37 on Wednesday. The firm has a market cap of $194.90 million, a PE ratio of -22.83 and a beta of 0.07. The firm’s 50-day simple moving average is $1.70 and its 200-day simple moving average is $1.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33. Montauk Renewables has a 1 year low of $1.37 and a 1 year high of $4.71.

Montauk Renewables (NASDAQ:MNTK) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.04 EPS for the quarter. Montauk Renewables had a negative return on equity of 3.57% and a negative net margin of 5.72%.The business had revenue of $45.26 million during the quarter, compared to the consensus estimate of $44.28 million. Equities analysts forecast that Montauk Renewables will post 0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on MNTK. Wall Street Zen raised shares of Montauk Renewables from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Montauk Renewables in a research report on Wednesday, October 8th. Tudor Pickering raised Montauk Renewables from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Finally, Zacks Research upgraded Montauk Renewables from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Montauk Renewables has an average rating of “Reduce” and an average price target of $3.33.

Institutional Investors Weigh In On Montauk Renewables

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in Montauk Renewables by 799.7% in the second quarter. Nisa Investment Advisors LLC now owns 11,696 shares of the company’s stock worth $26,000 after purchasing an additional 10,396 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Montauk Renewables by 92.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,175 shares of the company’s stock worth $26,000 after buying an additional 6,323 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Montauk Renewables in the 3rd quarter valued at about $28,000. Two Sigma Investments LP bought a new stake in shares of Montauk Renewables during the 3rd quarter valued at about $34,000. Finally, Corient Private Wealth LLC acquired a new stake in Montauk Renewables during the second quarter worth about $36,000. 16.35% of the stock is owned by institutional investors and hedge funds.

Montauk Renewables Company Profile

Montauk Renewables Holdings, Inc is a renewable energy company headquartered in Irving, Texas, specializing in the capture and conversion of landfill gas into clean energy products. The company’s core operations focus on the design, development and operation of landfill gas collection systems that extract methane and other biogases generated by municipal solid waste. Montauk processes this gas into renewable natural gas (RNG) suitable for pipeline injection and also generates electricity for sale to utilities and commercial consumers.

Through its subsidiaries, Montauk provides a suite of environmental and waste‐management services across the United States and Canada.