Short Interest in LanzaTech Global, Inc. (NASDAQ:LNZA) Increases By 7.1%

LanzaTech Global, Inc. (NASDAQ:LNZA - Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 8,190,000 shares, an increase of 7.1% from the July 15th total of 7,650,000 shares. Based on an average daily volume of 706,800 shares, the short-interest ratio is presently 11.6 days. Approximately 5.3% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, TD Cowen began coverage on LanzaTech Global in a research report on Tuesday, May 7th. They issued a "hold" rating and a $3.00 price target on the stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LNZA. XTX Topco Ltd acquired a new position in LanzaTech Global in the second quarter worth about $26,000. Principal Financial Group Inc. acquired a new position in shares of LanzaTech Global in the 2nd quarter worth approximately $28,000. Daiwa Securities Group Inc. bought a new position in shares of LanzaTech Global during the 4th quarter worth approximately $63,000. The Manufacturers Life Insurance Company acquired a new stake in LanzaTech Global in the 2nd quarter valued at $92,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in LanzaTech Global in the 4th quarter valued at $201,000. 17.76% of the stock is currently owned by institutional investors and hedge funds.

LanzaTech Global Price Performance

LanzaTech Global stock remained flat at $1.31 during mid-day trading on Friday. 154,653 shares of the company's stock were exchanged, compared to its average volume of 461,991. The company has a current ratio of 6.89, a quick ratio of 6.89 and a debt-to-equity ratio of 0.21. The stock has a market cap of $259.02 million, a price-to-earnings ratio of -2.67 and a beta of 1.56. The stock's 50 day simple moving average is $1.78 and its 200 day simple moving average is $2.57. LanzaTech Global has a 12-month low of $1.16 and a 12-month high of $8.70.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). LanzaTech Global had a negative net margin of 152.29% and a negative return on equity of 79.28%. The company had revenue of $17.38 million during the quarter, compared to the consensus estimate of $14.68 million. During the same quarter in the previous year, the business posted ($0.14) EPS. On average, analysts predict that LanzaTech Global will post -0.42 earnings per share for the current fiscal year.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.