LanzaTech Global, Inc. (NASDAQ:LNZAW – Get Free Report) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 12,946 shares, a decline of 66.0% from the June 30th total of 38,029 shares. Based on an average daily trading volume, of 9,337 shares, the short-interest ratio is presently 1.4 days.
LanzaTech Global Price Performance
Shares of LNZAW opened at $0.02 on Friday. The company’s fifty day moving average price is $0.02 and its 200-day moving average price is $0.01. LanzaTech Global has a 1-year low of $0.01 and a 1-year high of $0.08.
About LanzaTech Global
LanzaTech Global, Inc is a biotechnology company that specializes in carbon recycling and the development of sustainable fuels and chemicals. The company’s core technology employs a gas fermentation process that captures carbon-rich industrial off-gases—such as those emitted by steel mills and other heavy industries—and converts them into valuable products. By leveraging proprietary microbial strains, LanzaTech aims to reduce greenhouse gas emissions while producing low-carbon ethanol and a suite of downstream chemicals used in plastics, textiles and personal care products.
In addition to producing ethanol, LanzaTech’s platform can be tailored to generate specialty compounds including isopropanol, acetone and jet fuel precursors.
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