Short Interest in LanzaTech Global, Inc. (NASDAQ:LNZA) Declines By 99.0%

Key Points

• LanzaTech Global, Inc. (NASDAQ:LNZA) experienced a significant 99% drop in short interest from 4,610,000 shares in July to 44,700 shares by August 15th, indicating reduced bearish sentiment.
• Institutional investors have increased their holdings in LanzaTech, with notable purchases including SBI Securities and AQR Capital Management, leading to 17.76% of stock ownership by such entities.
• Analysts have expressed mixed views on LanzaTech, with some downgrading their ratings; the stock currently has a consensus rating of "Hold" and a price target of $200.00.

LanzaTech Global, Inc. (NASDAQ:LNZA - Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totaling 44,700 shares, adecreaseof99.0% from the July 31st total of 4,610,000 shares. Currently,2.4% of the shares of the company are sold short. Based on an average daily trading volume, of 29,900 shares, the short-interest ratio is currently 1.5 days. Based on an average daily trading volume, of 29,900 shares, the short-interest ratio is currently 1.5 days. Currently,2.4% of the shares of the company are sold short.

LanzaTech Global Price Performance

Shares of LNZA stock traded up $0.33 during trading hours on Friday, hitting $19.19. 27,772 shares of the company's stock were exchanged, compared to its average volume of 22,807. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 6.08. The firm has a market cap of $44.52 million and a P/E ratio of -0.36. The firm has a 50 day moving average of $31.33 and a two-hundred day moving average of $33.75. LanzaTech Global has a fifty-two week low of $14.01 and a fifty-two week high of $274.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LNZA. Jane Street Group LLC purchased a new stake in LanzaTech Global in the 2nd quarter valued at $230,000. Qube Research & Technologies Ltd acquired a new position in LanzaTech Global during the 2nd quarter worth about $27,000. Marshall Wace LLP acquired a new position in LanzaTech Global during the 2nd quarter worth about $82,000. XTX Topco Ltd raised its position in LanzaTech Global by 380.5% in the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company's stock valued at $51,000 after purchasing an additional 149,576 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in LanzaTech Global by 77.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 303,186 shares of the company's stock valued at $82,000 after purchasing an additional 132,792 shares in the last quarter. 17.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Roth Capital downgraded LanzaTech Global from a "strong-buy" rating to a "hold" rating in a report on Monday, May 19th. Wall Street Zen downgraded LanzaTech Global from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, LanzaTech Global presently has an average rating of "Hold" and a consensus price target of $200.00.

LanzaTech Global Company Profile

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.