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

Key Points

• Short interest surged 75.5% to 99,553 shares as of August 14, though only 0.2% of Verde Clean Fuels’ shares were sold short.
• Geode Capital Management increased its stake by 12.3% in the second quarter, while institutional investors collectively owned 15.61% of the company.
• Analyst sentiment remained negative: Weiss Ratings maintained a “sell (e+)” rating, and the stock had an average “Sell” rating. Verde Clean Fuels also reported a quarterly loss of $0.04 per share.

Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report) was the target of a significant growth in short interest in 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. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 929,403 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Verde Clean Fuels

An institutional investor recently raised its position in Verde Clean Fuels stock. Geode Capital Management LLC boosted its position in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS - Free Report) by 12.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,441 shares of the company's stock after purchasing an additional 10,335 shares during the period. Geode Capital Management LLC owned about 0.21% of Verde Clean Fuels worth $325,000 at the end of the most recent quarter. Institutional investors own 15.61% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Verde Clean Fuels in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".

Verde Clean Fuels Stock Performance

NASDAQ:VGAS opened at $1.30 on Monday. The company has a 50-day moving average of $1.20 and a 200-day moving average of $1.46. Verde Clean Fuels has a 52 week low of $0.92 and a 52 week high of $3.39. The company has a market capitalization of $57.91 million, a price-to-earnings ratio of -4.06 and a beta of -0.31.

Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported ($0.04) earnings per share for the quarter.

Verde Clean Fuels Company Profile

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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