LanzaTech Global, Inc. (NASDAQ:LNZAW – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 27,235 shares, an increase of 110.4% from the July 15th total of 12,946 shares. Based on an average daily volume of 10,186 shares, the days-to-cover ratio is presently 2.7 days.
LanzaTech Global Stock Down 13.9%
Shares of NASDAQ:LNZAW traded down $0.00 during mid-day trading on Friday, hitting $0.02. 500 shares of the company traded hands, compared to its average volume of 45,903. LanzaTech Global has a 12-month low of $0.01 and a 12-month high of $0.04. The stock has a 50-day moving average price of $0.02 and a two-hundred day moving average price of $0.01.
LanzaTech Global Company Profile
LanzaTech Global, Inc is a biotechnology company that specializes in carbon recycling and the development of sustainable fuels and chemicals. The company’s core technology employs a gas fermentation process that captures carbon-rich industrial off-gases—such as those emitted by steel mills and other heavy industries—and converts them into valuable products. By leveraging proprietary microbial strains, LanzaTech aims to reduce greenhouse gas emissions while producing low-carbon ethanol and a suite of downstream chemicals used in plastics, textiles and personal care products.
In addition to producing ethanol, LanzaTech’s platform can be tailored to generate specialty compounds including isopropanol, acetone and jet fuel precursors.
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