Verde Clean Fuels, Inc. (NASDAQ:VGAS) Short Interest Up 32.3% in February

Verde Clean Fuels, Inc. (NASDAQ:VGAS) saw a large increase in short interest during 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. Based on an average daily volume of 97,467 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 97,467 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Verde Clean Fuels stock. Geode Capital Management LLC increased its holdings in Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 12.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,441 shares of the company’s stock after acquiring 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. 15.61% of the stock is currently owned by hedge funds and other institutional investors.

Verde Clean Fuels Stock Performance

Shares of VGAS opened at $1.96 on Tuesday. The firm has a market capitalization of $87.32 million, a P/E ratio of -5.60 and a beta of -0.37. Verde Clean Fuels has a 52 week low of $0.92 and a 52 week high of $4.15. The stock has a 50 day moving average price of $1.70 and a two-hundred day moving average price of $2.48.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Verde Clean Fuels in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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.