Gevo, Inc. (NASDAQ:GEVO) Short Interest Update

Gevo, Inc. (NASDAQ:GEVO) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 24,670,000 shares, a growth of 8.1% from the August 15th total of 22,830,000 shares. Based on an average daily volume of 3,270,000 shares, the short-interest ratio is presently 7.5 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Friday.

Gevo Stock Up 17.9 %

Gevo stock opened at $1.38 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. The stock has a market capitalization of $326.00 million, a PE ratio of -4.76 and a beta of 2.94. The business has a 50 day simple moving average of $0.68 and a 200-day simple moving average of $0.68. Gevo has a 12 month low of $0.48 and a 12 month high of $1.43.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. During the same quarter in the previous year, the firm earned ($0.06) EPS. On average, analysts anticipate that Gevo will post -0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Christopher Michael Ryan sold 84,014 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $63,850.64. Following the completion of the transaction, the chief operating officer now owns 1,573,934 shares of the company’s stock, valued at approximately $1,196,189.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, COO Christopher Michael Ryan sold 84,014 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $63,850.64. Following the sale, the chief operating officer now owns 1,573,934 shares of the company’s stock, valued at approximately $1,196,189.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick R. Gruber sold 127,276 shares of Gevo stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total transaction of $64,910.76. Following the transaction, the chief executive officer now directly owns 3,922,404 shares of the company’s stock, valued at $2,000,426.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 759,600 shares of company stock valued at $486,431. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bayesian Capital Management LP acquired a new stake in Gevo in the 1st quarter worth about $27,000. FinTrust Capital Advisors LLC purchased a new position in shares of Gevo in the first quarter valued at approximately $38,000. XTX Topco Ltd lifted its position in shares of Gevo by 61.8% in the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after acquiring an additional 51,057 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Gevo by 79.5% in the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock worth $110,000 after acquiring an additional 63,179 shares during the last quarter. Finally, RPO LLC purchased a new stake in shares of Gevo during the fourth quarter worth approximately $77,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

About Gevo

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.