Verde Clean Fuels, Inc. (NASDAQ:VGASW – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 9,410 shares, a growth of 546.7% from the October 15th total of 1,455 shares. Based on an average daily trading volume, of 5,299 shares, the short-interest ratio is presently 1.8 days.
Verde Clean Fuels Stock Down 21.3%
NASDAQ:VGASW opened at $0.01 on Thursday. The firm’s 50 day moving average is $0.02 and its 200 day moving average is $0.03. Verde Clean Fuels has a 12 month low of $0.01 and a 12 month high of $0.13.
Verde Clean Fuels Company Profile
Verde Clean Fuels, Inc. is a clean-fuels company focused on developing facilities to produce gasoline from synthesis gas, or syngas. Its licensed STG+ technology is designed to convert syngas into drop-in gasoline that can be used with existing engines and fuel-distribution infrastructure. The process can use syngas made from different feedstocks, including natural gas and certain biomass or waste resources. Verde’s business centers on developing projects and applying this technology, rather than operating as a conventional oil refiner or fuel retailer.
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