Short Interest in LanzaTech Global, Inc. (NASDAQ:LNZA) Expands By 133.4%

LanzaTech Global, Inc. (NASDAQ:LNZA) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 54,021 shares, a growth of 133.4% from the March 15th total of 23,148 shares. Based on an average daily volume of 111,291 shares, the days-to-cover ratio is presently 0.5 days. Currently, 2.4% of the company’s stock are sold short.

Insider Buying and Selling

In related news, major shareholder Of New Zealand Super Guardians acquired 860,000 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were bought at an average cost of $5.00 per share, with a total value of $4,300,000.00. Following the completion of the transaction, the insider directly owned 1,192,634 shares of the company’s stock, valued at $5,963,170. This trade represents a 258.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On LanzaTech Global

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in LanzaTech Global in the second quarter worth about $230,000. Marshall Wace LLP acquired a new position in LanzaTech Global in the second quarter worth about $82,000. XTX Topco Ltd grew its stake in LanzaTech Global by 380.5% in the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after purchasing an additional 149,576 shares in the last quarter. AQR Capital Management LLC grew its stake in LanzaTech Global by 1,045.1% in the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after purchasing an additional 168,247 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in LanzaTech Global in the second quarter worth about $27,000. 17.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on LNZA shares. Zacks Research raised LanzaTech Global to a “hold” rating in a research report on Wednesday, April 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LanzaTech Global in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $14.00.

LanzaTech Global Stock Performance

Shares of NASDAQ LNZA traded up $6.87 during midday trading on Monday, reaching $34.02. 70,680 shares of the company’s stock were exchanged, compared to its average volume of 82,906. LanzaTech Global has a 52-week low of $7.88 and a 52-week high of $71.19. The stock has a market capitalization of $343.26 million and a PE ratio of -3.70. The business’s fifty day moving average price is $14.39 and its two-hundred day moving average price is $16.42.

LanzaTech Global (NASDAQ:LNZA) last announced its earnings results on Tuesday, March 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($6.47) by $6.43. The business had revenue of $28.00 million for the quarter, compared to analysts’ expectations of $12.20 million. Analysts predict that LanzaTech Global will post -0.66 earnings per share for the current fiscal year.

About LanzaTech Global

LanzaTech Global, Inc is a carbon recycling company that specializes in capturing industrial emissions and converting them into sustainable fuels and chemicals through a proprietary gas fermentation process. By utilizing metal- and microbe-catalyzed conversion technologies, the company transforms waste carbon monoxide and carbon dioxide streams from steel mills, refineries, and other industrial sites into ethanol, jet fuel precursors, and other commodity chemicals. These products can be used as drop-in replacements for petrochemicals, helping to reduce greenhouse gas emissions and advance circular economy initiatives.

Founded in 2005 and headquartered in Skokie, Illinois, LanzaTech has developed its platform through research collaborations and commercial demonstration plants.