Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 135,400 shares, a growth of 19.7% from the December 31st total of 113,100 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily volume of 12,900 shares, the short-interest ratio is currently 10.5 days.
Verde Clean Fuels Trading Down 1.0 %
Shares of Verde Clean Fuels stock traded down $0.04 during trading on Wednesday, reaching $4.02. The company's stock had a trading volume of 16,697 shares, compared to its average volume of 13,035. The stock has a 50-day moving average price of $3.91 and a two-hundred day moving average price of $4.01. The stock has a market capitalization of $128.84 million, a P/E ratio of -8.04 and a beta of -0.62. Verde Clean Fuels has a one year low of $2.52 and a one year high of $5.61.
Hedge Funds Weigh In On Verde Clean Fuels
An institutional investor recently raised its position in Verde Clean Fuels stock. Geode Capital Management LLC increased its stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS - Free Report) by 8.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,807 shares of the company's stock after purchasing an additional 6,191 shares during the period. Geode Capital Management LLC owned 0.24% of Verde Clean Fuels worth $310,000 as of its most recent SEC filing. 15.61% of the stock is currently owned by institutional investors.
About Verde Clean Fuels
(
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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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