Verde Clean Fuels, Inc. (NASDAQ:VGAS) Short Interest Update

Key Points

• Short interest jumped 32.3% in February to 140,750 shares as of Feb. 27, equal to about 0.3% of the float and a days-to-cover ratio of 1.4 (based on average daily volume of 97,467 shares).
• Analyst sentiment is negative: Weiss Ratings reiterated a "sell (e+)" and MarketBeat shows a consensus Sell rating (one analyst covering the stock).
• Institutional and trading activity: Creative Planning purchased 10,001 shares (~$34,000) in Q2, institutional ownership stands at 15.61%, and shares recently traded up ~19.7%, opening at $1.88 with a market cap of $83.75 million.

Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 140,750 shares, an increase of 32.3% from the February 12th total of 106,403 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 97,467 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 97,467 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Verde Clean Fuels in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of "Sell".

Hedge Funds Weigh In On Verde Clean Fuels

An institutional investor recently bought a new position in Verde Clean Fuels stock. Creative Planning bought a new stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,001 shares of the company's stock, valued at approximately $34,000. 15.61% of the stock is owned by institutional investors.

Verde Clean Fuels Trading Up 19.7%

Shares of Verde Clean Fuels stock opened at $1.88 on Friday. The stock has a market capitalization of $83.75 million, a price-to-earnings ratio of -5.37 and a beta of -0.37. The firm's 50-day moving average price is $1.70 and its two-hundred day moving average price is $2.49. Verde Clean Fuels has a 1-year low of $0.92 and a 1-year high of $4.15.

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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