Short Interest in Verde Clean Fuels, Inc. (NASDAQ:VGAS) Drops By 60.7%

Verde Clean Fuels, Inc. (NASDAQ:VGAS) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 58,985 shares, a decrease of 60.7% from the June 15th total of 150,221 shares. Based on an average daily volume of 86,988 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Verde Clean Fuels

A hedge fund recently raised its stake in Verde Clean Fuels stock. Geode Capital Management LLC boosted its stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,441 shares of the company’s stock after buying an additional 10,335 shares during the period. Geode Capital Management LLC owned approximately 0.21% of Verde Clean Fuels worth $325,000 at the end of the most recent quarter. 15.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Verde Clean Fuels in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Verde Clean Fuels has a consensus rating of “Sell”.

Verde Clean Fuels Stock Performance

VGAS opened at $1.10 on Tuesday. Verde Clean Fuels has a one year low of $0.92 and a one year high of $3.65. The stock has a market capitalization of $49.01 million, a PE ratio of -3.14 and a beta of -0.31. The business’s 50 day moving average price is $1.50 and its 200 day moving average price is $1.66.

Verde Clean Fuels (NASDAQ:VGAS) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.05) earnings per share for the quarter.

About Verde Clean Fuels

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. Verde Clean Fuels, Inc was founded in 2007 and is headquartered in Houston, Texas.