XCF Global Capital, Inc. (NASDAQ:SAFX) Sees Large Drop in Short Interest

XCF Global Capital, Inc. (NASDAQ:SAFX) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 5,512,125 shares, a drop of 35.9% from the June 30th total of 8,597,102 shares. Based on an average trading volume of 3,582,368 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.7% of the company’s shares are short sold.

Insiders Place Their Bets

In other XCF Global Capital news, major shareholder Randy Soule sold 5,000,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $0.41, for a total transaction of $2,050,000.00. Following the completion of the sale, the insider owned 72,383,239 shares of the company’s stock, valued at approximately $29,677,127.99. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.12% of the company’s stock.

Institutional Trading of XCF Global Capital

Hedge funds have recently made changes to their positions in the stock. Simplify Asset Management Inc. bought a new position in XCF Global Capital during the 1st quarter valued at $69,000. J. Derek Lewis & Associates Inc. acquired a new stake in XCF Global Capital during the fourth quarter valued at approximately $64,000. Polar Asset Management Partners Inc. lifted its holdings in XCF Global Capital by 51.0% during the 4th quarter. Polar Asset Management Partners Inc. now owns 2,131,109 shares of the company’s stock worth $582,000 after buying an additional 720,000 shares during the last quarter. State Street Corp lifted its holdings in XCF Global Capital by 37.3% during the 4th quarter. State Street Corp now owns 256,448 shares of the company’s stock worth $70,000 after buying an additional 69,698 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of XCF Global Capital in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 52.34% of the company’s stock.

XCF Global Capital Stock Performance

NASDAQ SAFX opened at $0.37 on Friday. XCF Global Capital has a fifty-two week low of $0.12 and a fifty-two week high of $1.55. The business has a 50 day moving average of $0.44. The stock has a market cap of $124.51 million, a PE ratio of -0.55 and a beta of -0.32.

XCF Global Capital (NASDAQ:SAFX) last announced its earnings results on Friday, May 15th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). XCF Global Capital had a net margin of 300.85% and a negative return on equity of 588.22%. The firm had revenue of $0.35 million during the quarter. Equities analysts anticipate that XCF Global Capital will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Roth Capital restated a “neutral” rating on shares of XCF Global Capital in a report on Monday, April 13th. Wall Street Zen raised shares of XCF Global Capital from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. HC Wainwright began coverage on shares of XCF Global Capital in a report on Tuesday, June 23rd. They issued a “buy” rating and a $1.00 price target on the stock. Finally, Weiss Ratings upgraded shares of XCF Global Capital from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $0.70.

About XCF Global Capital

XCF Global Capital Inc is a player in decarbonizing the aviation industry through Sustainable Aviation Fuel. XCF Global Capital Inc, formerly known as Focus Impact BH3 Acquisition Company, is based in RENO, NV.