Greenway Technologies, Inc. (OTCMKTS:GWTI – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 63,850 shares, an increase of 47.6% from the August 31st total of 43,250 shares. Based on an average daily volume of 73,202 shares, the short-interest ratio is presently 0.9 days.
Greenway Technologies Stock Performance
Shares of Greenway Technologies stock remained flat at $0.01 during trading hours on Thursday. The company’s 50-day moving average price is $0.02 and its 200 day moving average price is $0.02. Greenway Technologies has a 12 month low of $0.01 and a 12 month high of $0.07.
About Greenway Technologies
Greenway Technologies, Inc is a development-stage energy technology company focused on converting natural gas and other hydrocarbon feedstocks into synthesis gas, or syngas. Syngas is an intermediate product that can be used to manufacture fuels, methanol, hydrogen and other chemical products.
The company’s principal technology is the G-Reformer, a modular gas-reforming system designed to produce syngas from natural gas. Greenway Technologies has promoted the system as a potentially more flexible and compact alternative to conventional reforming equipment, with applications that may include gas-to-liquids processing, distributed energy production and the conversion of stranded or otherwise underutilized natural gas resources.
Greenway Technologies has historically operated as a technology development and commercialization company.
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