Fervo Energy Company (NASDAQ:FRVO) Sees Large Growth in Short Interest

Fervo Energy Company (NASDAQ:FRVO) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 2,826,230 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily trading volume, of 4,738,233 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FRVO shares. Jefferies Financial Group started coverage on shares of Fervo Energy in a report on Wednesday, May 27th. They issued a “hold” rating and a $42.00 price target for the company. Wall Street Zen upgraded shares of Fervo Energy to a “hold” rating in a report on Saturday, May 16th. Finally, HC Wainwright reissued a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.00.

Fervo Energy Stock Down 3.0%

NASDAQ FRVO traded down $1.09 on Monday, hitting $35.57. 3,914,907 shares of the stock were exchanged, compared to its average volume of 5,119,858. Fervo Energy has a 52 week low of $34.27 and a 52 week high of $42.65.