Verde Clean Fuels, Inc. (NASDAQ:VGAS) Short Interest Update

Verde Clean Fuels, Inc. (NASDAQ:VGAS) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 58,985 shares, a drop of 60.7% from the June 15th total of 150,221 shares. Based on an average trading volume of 86,988 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Verde Clean Fuels in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Verde Clean Fuels presently has an average rating of “Sell”.

Verde Clean Fuels Trading Up 2.3%

NASDAQ VGAS traded up $0.03 during trading hours on Wednesday, hitting $1.14. The company’s stock had a trading volume of 3,916 shares, compared to its average volume of 38,102. Verde Clean Fuels has a 52 week low of $0.92 and a 52 week high of $3.55. The company has a market capitalization of $50.61 million, a PE ratio of -3.25 and a beta of -0.31. The company’s 50-day simple moving average is $1.49 and its two-hundred day simple moving average is $1.65.

Verde Clean Fuels (NASDAQ:VGAS) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.05) EPS for the quarter.

Hedge Funds Weigh In On Verde Clean Fuels

A hedge fund recently raised its stake in Verde Clean Fuels stock. Geode Capital Management LLC lifted its position in Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,441 shares of the company’s stock after acquiring an additional 10,335 shares during the quarter. Geode Capital Management LLC owned approximately 0.21% of Verde Clean Fuels worth $325,000 at the end of the most recent reporting period. Institutional investors own 15.61% of the company’s stock.

About Verde Clean Fuels

Verde Clean Fuels, Inc, operates as a clean energy technology company in the United States. It specializes in the conversion of synthesis gas, or syngas, derived from feedstocks, such as biomass, natural gas, and other feedstocks into liquid hydrocarbons that can be used as gasoline through proprietary liquid fuels technology. Verde Clean Fuels, Inc was founded in 2007 and is headquartered in Houston, Texas.