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

Verde Clean Fuels, Inc. (NASDAQ:VGAS) was the target of a large growth in short interest in 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. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 929,403 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Verde Clean Fuels

An institutional investor recently raised its stake in Verde Clean Fuels stock. Geode Capital Management LLC boosted its position in Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 12.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,441 shares of the company’s stock after acquiring an additional 10,335 shares during the period. Geode Capital Management LLC owned 0.21% of Verde Clean Fuels worth $325,000 at the end of the most recent quarter. 15.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Verde Clean Fuels Price Performance

Shares of Verde Clean Fuels stock opened at $1.30 on Monday. The firm has a 50 day simple moving average of $1.20 and a 200 day simple moving average of $1.46. Verde Clean Fuels has a fifty-two week low of $0.92 and a fifty-two week high of $3.39. The firm has a market cap of $57.91 million, a P/E ratio of -4.06 and a beta of -0.31.

Verde Clean Fuels (NASDAQ:VGAS) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.04) earnings per share (EPS) for the quarter.

About Verde Clean Fuels

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.