Verde Clean Fuels, Inc. (NASDAQ:VGAS) Sees Large Increase in Short Interest

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

Analysts Set New Price Targets

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

Read Our Latest Analysis on Verde Clean Fuels

Verde Clean Fuels Price Performance

NASDAQ VGAS traded up $0.01 during trading hours on Tuesday, hitting $1.31. The company had a trading volume of 1,650 shares, compared to its average volume of 91,104. The firm’s 50 day moving average is $1.20 and its 200 day moving average is $1.46. Verde Clean Fuels has a fifty-two week low of $0.92 and a fifty-two week high of $3.39. The company has a market capitalization of $58.18 million, a price-to-earnings ratio of -4.08 and a beta of -0.31.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Verde Clean Fuels stock. Creative Planning purchased a new position in shares of Verde Clean Fuels, Inc. (NASDAQ:VGASFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,001 shares of the company’s stock, valued at approximately $34,000. Institutional investors own 15.61% of the company’s stock.

Verde Clean Fuels Company Profile

(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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