Verde Clean Fuels, Inc. (NASDAQ:VGAS) Short Interest Up 75.5% in August

Verde Clean Fuels, Inc. (NASDAQ:VGASGet Free Report) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 99,553 shares, an increase of 75.5% from the July 30th total of 56,739 shares. Based on an average daily trading volume, of 929,403 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Verde Clean Fuels

A hedge fund recently bought a new stake in Verde Clean Fuels stock. Creative Planning purchased a new stake in shares of Verde Clean Fuels, Inc. (NASDAQ:VGASFree Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 10,001 shares of the company’s stock, valued at approximately $34,000. 15.61% of the stock is currently owned by institutional investors.

Verde Clean Fuels Stock Performance

Verde Clean Fuels stock opened at $1.36 on Wednesday. Verde Clean Fuels has a 52 week low of $0.92 and a 52 week high of $3.39. The stock has a market capitalization of $60.59 million, a P/E ratio of -4.25 and a beta of -0.28. The stock has a fifty day moving average of $1.19 and a 200-day moving average of $1.46.

Verde Clean Fuels (NASDAQ:VGASGet Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.04) earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Verde Clean Fuels in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Verde Clean Fuels presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on VGAS

About Verde Clean Fuels

(Get Free Report)

Verde Clean Fuels, Inc, operates as a clean energy technology company in the United States. It specializes in the conversion of synthesis gas, or syngas, derived from feedstocks, such as biomass, natural gas, and other feedstocks into liquid hydrocarbons that can be used as gasoline through proprietary liquid fuels technology. Verde Clean Fuels, Inc was founded in 2007 and is headquartered in Houston, Texas.

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