XCF Global Capital, Inc. (NASDAQ:SAFX) Stock Short Interest Falls 41.6%

Key Points

• Short interest fell 41.6% to 4.55 million shares as of October 15, representing about 1.1% of outstanding shares and a 1.2-day days-to-cover ratio.
• SAFX shares traded near their one-year low at $0.12, with a market capitalization of approximately $50.9 million. The company remains unprofitable, reporting $0.69 million in quarterly revenue and a net loss of $0.04 per share.
• Analyst sentiment is mixed, with one Buy, two Hold, and one Sell rating; the consensus rating is Hold with a $0.70 price target. Institutional investors own 52.34% of the stock.

XCF Global Capital, Inc. (NASDAQ:SAFX - Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 4,551,933 shares, a drop of 41.6% from the September 30th total of 7,794,208 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 3,682,385 shares, the days-to-cover ratio is currently 1.2 days.

XCF Global Capital Trading Down 2.6%

Shares of SAFX stock traded down $0.00 during mid-day trading on Friday, reaching $0.12. The stock had a trading volume of 3,815,713 shares, compared to its average volume of 20,305,124. The business's fifty day moving average is $0.32 and its 200-day moving average is $0.36. The firm has a market cap of $50.87 million, a price-to-earnings ratio of -0.64 and a beta of -0.29. XCF Global Capital has a 1-year low of $0.12 and a 1-year high of $1.27.

XCF Global Capital (NASDAQ:SAFX - Get Free Report) last released its earnings results on Monday, August 17th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. XCF Global Capital had a negative return on equity of 230.36% and a negative net margin of 397.43%. The firm had revenue of $0.69 million during the quarter. On average, analysts forecast that XCF Global Capital will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SAFX. Weiss Ratings downgraded shares of XCF Global Capital from a "sell (d+)" rating to a "sell (d-)" rating in a research report on Monday, August 24th. Wall Street Zen raised shares of XCF Global Capital to a "hold" rating in a report on Saturday, September 26th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, XCF Global Capital currently has an average rating of "Hold" and a consensus target price of $0.70.

Institutional Trading of XCF Global Capital

An institutional investor recently bought a new position in XCF Global Capital stock. Simplify Asset Management Inc. bought a new position in shares of XCF Global Capital, Inc. (NASDAQ:SAFX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 188,857 shares of the company's stock, valued at approximately $69,000. Simplify Asset Management Inc. owned about 0.07% of XCF Global Capital at the end of the most recent reporting period. 52.34% of the stock is currently owned by institutional investors.

About XCF Global Capital

XCF Global Capital Inc is a sustainable aviation fuel company focused on developing technologies and production facilities for lower-carbon aviation fuels. The company's business centers on producing synthetic sustainable aviation fuel using renewable energy and recycled carbon-based feedstocks, with the goal of helping airlines reduce the emissions associated with conventional jet fuel.

XCF Global's approach is based on power-to-liquid fuel production, which combines renewable electricity, hydrogen and captured carbon to create liquid hydrocarbon fuels.

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