XCF Global Capital, Inc. (NASDAQ:SAFX) Stock Short Interest Falls 41.6%

XCF Global Capital, Inc. (NASDAQ:SAFX) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 4,551,933 shares, a decrease of 41.6% from the September 30th total of 7,794,208 shares. Based on an average daily volume of 3,682,385 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

SAFX has been the subject of a number of recent research reports. Wall Street Zen upgraded XCF Global Capital to a “hold” rating in a research note on Saturday, September 26th. Weiss Ratings downgraded XCF Global Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $0.70.

XCF Global Capital Stock Down 2.6%

Shares of NASDAQ SAFX traded down $0.00 during midday trading on Friday, reaching $0.12. 3,815,713 shares of the stock were exchanged, compared to its average volume of 20,305,124. The firm has a market cap of $50.87 million, a price-to-earnings ratio of -0.64 and a beta of -0.29. The firm has a 50-day simple moving average of $0.32 and a two-hundred day simple moving average of $0.36. XCF Global Capital has a twelve month low of $0.12 and a twelve month high of $1.27.

XCF Global Capital (NASDAQ:SAFX) last announced its quarterly earnings results on Monday, August 17th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $0.69 million for the quarter. XCF Global Capital had a negative net margin of 397.43% and a negative return on equity of 230.36%. Research analysts expect that XCF Global Capital will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On XCF Global Capital

A hedge fund recently bought a new stake in XCF Global Capital stock. Simplify Asset Management Inc. bought a new stake in shares of XCF Global Capital, Inc. (NASDAQ:SAFX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 188,857 shares of the company’s stock, valued at approximately $69,000. Simplify Asset Management Inc. owned 0.07% of XCF Global Capital as of its most recent SEC filing. Institutional investors own 52.34% of the company’s stock.

XCF Global Capital Company Profile

XCF Global Capital Inc is a sustainable aviation fuel company focused on developing technologies and production facilities for lower-carbon aviation fuels. The company’s business centers on producing synthetic sustainable aviation fuel using renewable energy and recycled carbon-based feedstocks, with the goal of helping airlines reduce the emissions associated with conventional jet fuel.

XCF Global’s approach is based on power-to-liquid fuel production, which combines renewable electricity, hydrogen and captured carbon to create liquid hydrocarbon fuels.