Montauk Renewables, Inc. (NASDAQ:MNTK) Short Interest Up 21.1% in March

Montauk Renewables, Inc. (NASDAQ:MNTK) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,789,286 shares, an increase of 21.1% from the February 26th total of 1,477,625 shares. Based on an average trading volume of 307,956 shares, the short-interest ratio is currently 5.8 days. Approximately 2.8% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MNTK shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Montauk Renewables in a research note on Thursday, January 22nd. Wall Street Zen raised Montauk Renewables from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Zacks Research cut shares of Montauk Renewables from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 17th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $4.00.

Institutional Trading of Montauk Renewables

Several large investors have recently bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of Montauk Renewables by 35.0% in the 4th quarter. Invesco Ltd. now owns 31,055 shares of the company’s stock valued at $52,000 after purchasing an additional 8,054 shares during the period. Wells Fargo & Company MN grew its stake in Montauk Renewables by 51.9% in the fourth quarter. Wells Fargo & Company MN now owns 75,049 shares of the company’s stock worth $125,000 after purchasing an additional 25,645 shares during the period. Jane Street Group LLC raised its holdings in Montauk Renewables by 32.9% in the fourth quarter. Jane Street Group LLC now owns 130,687 shares of the company’s stock worth $229,000 after purchasing an additional 32,364 shares in the last quarter. HRT Financial LP purchased a new position in Montauk Renewables during the fourth quarter valued at $44,000. Finally, Renaissance Technologies LLC lifted its position in Montauk Renewables by 1.9% during the fourth quarter. Renaissance Technologies LLC now owns 342,700 shares of the company’s stock valued at $572,000 after buying an additional 6,300 shares during the period. 16.35% of the stock is owned by institutional investors.

Montauk Renewables Stock Performance

Shares of MNTK stock opened at $1.19 on Tuesday. The firm has a market capitalization of $169.38 million, a price-to-earnings ratio of 59.53 and a beta of 0.05. The stock has a fifty day moving average of $1.51 and a 200 day moving average of $1.75. Montauk Renewables has a 52 week low of $1.07 and a 52 week high of $2.78. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.48.

Montauk Renewables (NASDAQ:MNTK) last issued its quarterly earnings data on Wednesday, March 11th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). The company had revenue of $43.39 million during the quarter, compared to the consensus estimate of $44.39 million. Montauk Renewables had a return on equity of 0.10% and a net margin of 0.15%. As a group, research analysts expect that Montauk Renewables will post 0.19 earnings per share for the current year.

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.