Fusion Fuel Green PLC (NASDAQ:HTOO) Sees Significant Growth in Short Interest

Fusion Fuel Green PLC (NASDAQ:HTOO) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 18,516 shares, an increase of 82.5% from the August 31st total of 10,148 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 215,091 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fusion Fuel Green in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Fusion Fuel Green presently has a consensus rating of “Sell”.

Fusion Fuel Green Trading Up 4.4%

Shares of HTOO stock traded up $0.09 on Wednesday, reaching $2.13. 2,356 shares of the stock were exchanged, compared to its average volume of 130,119. The firm has a 50 day moving average of $2.31 and a two-hundred day moving average of $2.71. Fusion Fuel Green has a 1-year low of $1.80 and a 1-year high of $5.42.

About Fusion Fuel Green

Fusion Fuel Green plc (NASDAQ: HTOO) is a green hydrogen technology and project-development company. The company focuses on producing hydrogen using renewable energy and on supplying the equipment and systems needed for low-carbon hydrogen production.

Fusion Fuel’s principal technology is the HEVO electrolyzer, a modular system designed to use electricity from renewable sources to split water into hydrogen and oxygen. The company has also developed integrated solar-to-hydrogen solutions intended to combine photovoltaic power generation with electrolyzer systems, supporting decentralized hydrogen production.

In addition to developing and manufacturing hydrogen equipment, Fusion Fuel has pursued green hydrogen projects and partnerships in Portugal, Spain, Morocco and other markets.