Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 90,900 shares, a drop of 23.0% from the September 15th total of 118,100 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 19,400 shares, the days-to-cover ratio is presently 4.7 days.
Verde Clean Fuels Price Performance
Shares of VGAS traded up $0.20 on Friday, reaching $4.20. 11,526 shares of the stock traded hands, compared to its average volume of 20,671. The firm has a market cap of $134.10 million, a price-to-earnings ratio of -8.57 and a beta of -0.65. Verde Clean Fuels has a 12 month low of $1.95 and a 12 month high of $5.61. The stock's 50-day moving average price is $3.94 and its 200-day moving average price is $4.27.
Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Verde Clean Fuels stock. Sanders Morris Harris LLC purchased a new stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 102,200 shares of the company's stock, valued at approximately $409,000. Sanders Morris Harris LLC owned approximately 0.32% of Verde Clean Fuels at the end of the most recent reporting period. 15.61% of the stock is owned by institutional investors.
Verde Clean Fuels Company Profile
(
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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.
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