Fusion Fuel Green PLC (NASDAQ: HTOO) experienced a significant increase in short interest during December 2023. As of December 15, the total short interest rose to 111,774 shares, marking a notable growth of 41.0% compared to the 79,272 shares reported on November 30. Currently, approximately 17.5% of the company’s shares are short sold.
The days-to-cover ratio, based on an average daily trading volume of 1,843,677 shares, stands at 0.1 days. This figure indicates how quickly short sellers could cover their positions if they choose to do so.
On the trading front, Fusion Fuel Green’s stock declined by 7.5%, reaching $3.33 during midday trading on Wednesday. The trading volume for the day was 57,626 shares, which is significantly lower than its average of 373,088 shares. The company’s 50-day moving average is $3.90, while the two-hundred day moving average is $4.88. With a market capitalization of $2.61 million, Fusion Fuel Green has a price-to-earnings (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. Financial metrics show a current ratio of 0.41, a quick ratio of 0.36, and a debt-to-equity ratio of 0.02.
Analyst Ratings and Market Sentiment
The stock has attracted attention from several analysts. In a report dated October 8, Weiss Ratings reaffirmed a “sell (e+)” rating for Fusion Fuel Green. Meanwhile, Wall Street Zen upgraded the stock from a “sell” rating to a “hold” rating on September 13. Currently, one analyst has issued a sell rating, while data from MarketBeat indicates that the company holds an average rating of “sell.”
About Fusion Fuel Green
Fusion Fuel Green PLC is a renewable energy company specializing in the development and commercialization of green hydrogen production technologies. The firm focuses on solar-driven hydrogen generation, utilizing proprietary microelectrolyzer systems alongside concentrated solar power (CSP) to produce hydrogen without carbon emissions.
At the heart of Fusion Fuel’s offerings is the ATHENA platform, which integrates advanced solar collectors, power electronics, and modular electrolyzers. This innovative approach allows for the direct conversion of solar energy into green hydrogen, establishing the company as a key player in providing emission-free fuel solutions for various applications, including industrial, transportation, and utility sectors.
Fusion Fuel’s scalable, containerized hydrogen production unit can be deployed in both on-site and grid-connected installations, further enhancing its versatility in the market.
Investors and stakeholders continue to monitor Fusion Fuel Green closely, particularly in light of the recent fluctuations in stock performance and analyst insights.
