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

Verde Clean Fuels, Inc. (NASDAQ:VGAS) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 58,985 shares, a drop of 60.7% from the June 15th total of 150,221 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 86,988 shares, the days-to-cover ratio is currently 0.7 days.

Verde Clean Fuels Stock Performance

Verde Clean Fuels stock opened at $1.07 on Monday. Verde Clean Fuels has a 1-year low of $0.92 and a 1-year high of $3.65. The firm has a market capitalization of $47.67 million, a price-to-earnings ratio of -3.06 and a beta of -0.31. The firm has a 50 day simple moving average of $1.51 and a 200 day simple moving average of $1.67.

Verde Clean Fuels (NASDAQ:VGAS) last issued its earnings results on Monday, May 11th. The company reported ($0.05) earnings per share (EPS) for the quarter.

Institutional Trading of Verde Clean Fuels

A hedge fund recently bought a new position in Verde Clean Fuels stock. Creative Planning bought a new stake in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,001 shares of the company’s stock, valued at approximately $34,000. 15.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Verde Clean Fuels in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.