LanzaTech Global, Inc. (NASDAQ:LNZAW) Sees Significant Decline in Short Interest

LanzaTech Global, Inc. (NASDAQ:LNZAWGet Free Report) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 12,946 shares, a drop of 66.0% from the June 30th total of 38,029 shares. Based on an average daily volume of 9,337 shares, the short-interest ratio is presently 1.4 days.

LanzaTech Global Stock Performance

Shares of LanzaTech Global stock traded down $0.00 on Tuesday, reaching $0.02. 34,322 shares of the company were exchanged, compared to its average volume of 48,365. The stock’s 50 day moving average price is $0.02 and its 200-day moving average price is $0.01. LanzaTech Global has a 1-year low of $0.01 and a 1-year high of $0.08.

LanzaTech Global Company Profile

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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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