Short Interest in LanzaTech Global, Inc. (NASDAQ:LNZA) Expands By 34.9%

LanzaTech Global, Inc. (NASDAQ:LNZA) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 23,947 shares, an increase of 34.9% from the January 29th total of 17,748 shares. Based on an average daily trading volume, of 10,745 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.1% of the company’s shares are short sold. Approximately 1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 10,745 shares, the days-to-cover ratio is presently 2.2 days.

Analyst Ratings Changes

A number of research analysts recently issued reports on LNZA shares. Wall Street Zen upgraded shares of LanzaTech Global from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Zacks Research upgraded shares of LanzaTech Global from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Roth Mkm cut their price objective on shares of LanzaTech Global from $20.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of LanzaTech Global in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.00.

Insider Activity

In other LanzaTech Global news, major shareholder Of New Zealand Super Guardians purchased 860,000 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were purchased at an average cost of $5.00 per share, for a total transaction of $4,300,000.00. Following the acquisition, the insider owned 1,192,634 shares of the company’s stock, valued at approximately $5,963,170. This represents a 258.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On LanzaTech Global

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. lifted its position in LanzaTech Global by 77.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 303,186 shares of the company’s stock valued at $82,000 after acquiring an additional 132,792 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of LanzaTech Global in the second quarter worth approximately $82,000. Jane Street Group LLC purchased a new stake in shares of LanzaTech Global in the second quarter worth approximately $230,000. Qube Research & Technologies Ltd bought a new position in shares of LanzaTech Global in the second quarter valued at approximately $27,000. Finally, AQR Capital Management LLC boosted its position in shares of LanzaTech Global by 1,045.1% during the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after buying an additional 168,247 shares during the last quarter. Institutional investors and hedge funds own 17.76% of the company’s stock.

LanzaTech Global Trading Up 7.6%

NASDAQ LNZA traded up $0.66 during mid-day trading on Monday, hitting $9.23. The company’s stock had a trading volume of 5,251 shares, compared to its average volume of 8,466. The firm has a market capitalization of $21.40 million and a price-to-earnings ratio of -0.40. The company’s 50 day simple moving average is $11.97 and its 200 day simple moving average is $17.41. LanzaTech Global has a twelve month low of $7.88 and a twelve month high of $84.00.

LanzaTech Global Company Profile

LanzaTech Global, Inc is a carbon recycling company that specializes in capturing industrial emissions and converting them into sustainable fuels and chemicals through a proprietary gas fermentation process. By utilizing metal- and microbe-catalyzed conversion technologies, the company transforms waste carbon monoxide and carbon dioxide streams from steel mills, refineries, and other industrial sites into ethanol, jet fuel precursors, and other commodity chemicals. These products can be used as drop-in replacements for petrochemicals, helping to reduce greenhouse gas emissions and advance circular economy initiatives.

Founded in 2005 and headquartered in Skokie, Illinois, LanzaTech has developed its platform through research collaborations and commercial demonstration plants.