Greenlane Renewables Inc. (OTCMKTS:GRNWF – Get Rating) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 879,000 shares, a decrease of 9.9% from the July 31st total of 975,100 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is currently 99.9 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GRNWF shares. Raymond James decreased their price objective on Greenlane Renewables from C$3.15 to C$2.25 in a research note on Friday, May 13th. Canaccord Genuity Group decreased their price objective on Greenlane Renewables from C$2.25 to C$1.90 in a research note on Sunday, May 15th.

Greenlane Renewables Stock Down 4.0 %

Shares of OTCMKTS:GRNWF opened at $0.57 on Friday. The business's 50-day moving average is $0.57 and its 200 day moving average is $0.69. Greenlane Renewables has a 1 year low of $0.45 and a 1 year high of $1.38.

About Greenlane Renewables

Greenlane Renewables Inc designs, develops, sells, and services a range of biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and for injection food waste facilities into the natural gas grid or for direct use as vehicle fuel.

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