LanzaTech Global, Inc. (NASDAQ:LNZA) Short Interest Up 86.1% in June

LanzaTech Global, Inc. (NASDAQ:LNZAGet Free Report) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 301,282 shares, an increase of 86.1% from the June 15th total of 161,873 shares. Approximately 3.0% of the company’s stock are short sold. Based on an average daily trading volume, of 289,963 shares, the days-to-cover ratio is currently 1.0 days.

Analyst Ratings Changes

A number of brokerages recently issued reports on LNZA. Wall Street Zen upgraded shares of LanzaTech Global to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research downgraded shares of LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of LanzaTech Global in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, LanzaTech Global has a consensus rating of “Reduce” and an average price target of $14.00.

Read Our Latest Report on LanzaTech Global

LanzaTech Global Stock Up 0.5%

NASDAQ LNZA traded up $0.03 on Friday, hitting $5.57. 52,484 shares of the stock traded hands, compared to its average volume of 85,548. The stock has a 50-day moving average of $7.98 and a 200 day moving average of $13.36. LanzaTech Global has a twelve month low of $5.02 and a twelve month high of $71.19. The company has a market capitalization of $56.20 million and a P/E ratio of -5.74. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.33.

LanzaTech Global (NASDAQ:LNZAGet Free Report) last released its earnings results on Thursday, May 14th. The company reported ($1.77) EPS for the quarter, topping analysts’ consensus estimates of ($2.88) by $1.11. LanzaTech Global had a negative return on equity of 1,268.15% and a negative net margin of 76.05%.The company had revenue of $12.02 million for the quarter, compared to the consensus estimate of $12.10 million. As a group, analysts expect that LanzaTech Global will post -3.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LanzaTech Global

A number of hedge funds have recently added to or reduced their stakes in LNZA. Jane Street Group LLC bought a new stake in LanzaTech Global during the second quarter valued at $230,000. Marshall Wace LLP acquired a new stake in shares of LanzaTech Global during the second quarter worth $82,000. AQR Capital Management LLC lifted its position in shares of LanzaTech Global by 1,045.1% in the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after buying an additional 168,247 shares during the last quarter. XTX Topco Ltd lifted its position in shares of LanzaTech Global by 380.5% in the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after buying an additional 149,576 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of LanzaTech Global in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 17.76% of the company’s stock.

About LanzaTech Global

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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.

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