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

XCF Global Capital, Inc. (NASDAQ:SAFX) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 4,551,933 shares, a decrease of 41.6% from the September 30th total of 7,794,208 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 3,682,385 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of XCF Global Capital

An institutional investor recently bought a new stake in XCF Global Capital stock. Simplify Asset Management Inc. bought a new position in shares of XCF Global Capital, Inc. (NASDAQ:SAFX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 188,857 shares of the company’s stock, valued at approximately $69,000. Simplify Asset Management Inc. owned approximately 0.07% of XCF Global Capital as of its most recent SEC filing. 52.34% of the stock is owned by institutional investors and hedge funds.

XCF Global Capital Stock Performance

NASDAQ SAFX traded down $0.01 during trading hours on Tuesday, reaching $0.12. The stock had a trading volume of 2,698,801 shares, compared to its average volume of 14,191,571. The stock has a fifty day moving average of $0.32 and a 200 day moving average of $0.36. XCF Global Capital has a 52-week low of $0.11 and a 52-week high of $1.27. The stock has a market cap of $47.76 million, a P/E ratio of -0.60 and a beta of -0.29.

XCF Global Capital (NASDAQ:SAFX) last announced its quarterly earnings results on Monday, August 17th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $0.69 million for the quarter. XCF Global Capital had a negative return on equity of 230.36% and a negative net margin of 397.43%. On average, equities research analysts forecast that XCF Global Capital will post -0.17 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SAFX. Weiss Ratings lowered shares of XCF Global Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, August 24th. Wall Street Zen raised shares of XCF Global Capital to a “hold” rating in a research report on Saturday, September 26th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $0.70.

XCF Global Capital Company Profile

XCF Global Capital Inc is a sustainable aviation fuel company focused on developing technologies and production facilities for lower-carbon aviation fuels. The company’s business centers on producing synthetic sustainable aviation fuel using renewable energy and recycled carbon-based feedstocks, with the goal of helping airlines reduce the emissions associated with conventional jet fuel.

XCF Global’s approach is based on power-to-liquid fuel production, which combines renewable electricity, hydrogen and captured carbon to create liquid hydrocarbon fuels.