LanzaTech Global, Inc. (NASDAQ:LNZA) Short Interest Update

LanzaTech Global, Inc. (NASDAQ:LNZA) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 301,282 shares, a growth of 86.1% from the June 15th total of 161,873 shares. Approximately 3.0% of the shares of the stock are sold short. Based on an average daily volume of 289,963 shares, the days-to-cover ratio is presently 1.0 days.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research cut LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research report on Monday. Wall Street Zen upgraded LanzaTech Global to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of LanzaTech Global in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $14.00.

LanzaTech Global Trading Down 5.6%

NASDAQ:LNZA traded down $0.33 on Thursday, reaching $5.54. The company’s stock had a trading volume of 90,378 shares, compared to its average volume of 85,800. LanzaTech Global has a 12-month low of $5.02 and a 12-month high of $71.19. The stock has a 50 day moving average price of $8.32 and a 200 day moving average price of $13.41. The firm has a market cap of $55.89 million and a price-to-earnings ratio of -5.71. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.33.

LanzaTech Global (NASDAQ:LNZA) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($1.77) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.88) by $1.11. The firm had revenue of $12.02 million during the quarter, compared to the consensus estimate of $12.10 million. LanzaTech Global had a negative return on equity of 1,268.15% and a negative net margin of 76.05%. On average, equities analysts anticipate that LanzaTech Global will post -3.73 EPS for the current fiscal year.

Institutional Investors Weigh In On LanzaTech Global

A number of institutional investors have recently made changes to their positions in the stock. DRW Securities LLC purchased a new stake in shares of LanzaTech Global in the 4th quarter valued at approximately $160,000. Qube Research & Technologies Ltd purchased a new stake in LanzaTech Global in the second quarter valued at approximately $27,000. AQR Capital Management LLC lifted its stake in LanzaTech Global by 1,045.1% during the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after purchasing an additional 168,247 shares in the last quarter. XTX Topco Ltd lifted its stake in LanzaTech Global by 380.5% during the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after purchasing an additional 149,576 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of LanzaTech Global during the second quarter worth $82,000. 17.76% of the stock is currently owned by institutional investors and hedge funds.

About LanzaTech Global

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.