Short interest in Fusion Fuel Green PLC (NASDAQ: HTOO) experienced a significant increase of 41.0% in December. As of December 15, 2023, short interest rose to a total of 111,774 shares, up from 79,272 shares reported on November 30, 2023. This surge indicates that approximately 17.5% of the company’s total shares are currently sold short. Given the average daily trading volume of 1,843,677 shares, the days-to-cover ratio stands at 0.1 days.
On the trading front, shares of Fusion Fuel Green fell by 7.5%, dropping $0.27 to reach $3.33 during midday trading on Wednesday. The company recorded a trading volume of 57,626 shares, significantly lower than its average volume of 373,088 shares. The stock has a 50-day moving average of $3.90 and a 200-day moving average of $4.88. Fusion Fuel Green 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.
Analyst Insights on Fusion Fuel Green
Several analysts have weighed in on Fusion Fuel Green’s stock. Weiss Ratings reaffirmed a “sell (e+)” rating in a report on October 8, 2023. Meanwhile, Wall Street Zen upgraded the stock from a “sell” rating to a “hold” rating on September 13, 2023. According to data from MarketBeat, the company currently holds an average rating of “sell” from analysts.
About Fusion Fuel Green
Fusion Fuel Green PLC specializes in renewable energy, focusing on the development and commercialization of green hydrogen production technologies. The company utilizes solar-driven hydrogen generation, employing proprietary microelectrolyzer systems alongside concentrated solar power (CSP) to produce hydrogen with zero carbon emissions.
The company’s ATHENA platform integrates advanced solar collectors, power electronics, and modular electrolyzers to convert solar energy directly into green hydrogen. This positions Fusion Fuel Green as a provider of emission-free fuel solutions for various applications, including industrial, transportation, and utility sectors. Its scalable, containerized hydrogen production unit can be deployed in both on-site and grid-connected installations, further enhancing its market potential.
Investors and stakeholders in the renewable energy sector will be keenly observing how these developments unfold in the coming months.
