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

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

Analyst Upgrades and Downgrades

LNZA has been the subject of several analyst reports. Zacks Research downgraded shares of LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings restated a “sell (e+)” rating on shares of LanzaTech Global in a report on Tuesday, April 21st. Finally, Wall Street Zen raised LanzaTech Global to a “hold” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $14.00.

LanzaTech Global Trading Up 0.5%

LNZA stock traded up $0.03 during trading on Friday, hitting $5.57. The company had a trading volume of 52,484 shares, compared to its average volume of 169,182. The stock has a market cap of $56.20 million and a PE ratio of -5.74. The business has a 50-day moving average of $7.60 and a 200-day moving average of $13.31. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.33. LanzaTech Global has a one year low of $5.02 and a one year high of $71.19.

LanzaTech Global (NASDAQ:LNZA) last issued its quarterly earnings results 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. LanzaTech Global had a negative net margin of 76.05% and a negative return on equity of 1,268.15%. The firm had revenue of $12.02 million for the quarter, compared to the consensus estimate of $12.10 million. Research analysts predict that LanzaTech Global will post -3.73 earnings per share for the current fiscal year.

Institutional Trading of LanzaTech Global

Institutional investors have recently bought and sold shares of the company. DRW Securities LLC bought a new position in shares of LanzaTech Global in the 4th quarter worth about $160,000. Qube Research & Technologies Ltd acquired a new stake in LanzaTech Global during the second quarter worth approximately $27,000. AQR Capital Management LLC increased its holdings in LanzaTech Global by 1,045.1% in 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 increased its holdings in LanzaTech Global by 380.5% in 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 acquired a new position in LanzaTech Global in the second quarter valued at approximately $82,000. Institutional investors own 17.76% of the company’s stock.

LanzaTech Global Company Profile

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.