Verde Clean Fuels, Inc. (NASDAQ:VGAS) Sees Significant Drop in Short Interest

Verde Clean Fuels, Inc. (NASDAQ:VGAS) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 90,900 shares, a drop of 23.0% from the September 15th total of 118,100 shares. Based on an average trading volume of 19,400 shares, the days-to-cover ratio is currently 4.7 days. Approximately 2.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Verde Clean Fuels

A hedge fund recently bought a new stake in Verde Clean Fuels stock. Sanders Morris Harris LLC purchased a new position in Verde Clean Fuels, Inc. (NASDAQ:VGAS) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 102,200 shares of the company’s stock, valued at approximately $409,000. Sanders Morris Harris LLC owned about 0.32% of Verde Clean Fuels at the end of the most recent quarter. 15.61% of the stock is owned by institutional investors.

Verde Clean Fuels Stock Performance

Shares of NASDAQ VGAS traded up $0.20 during trading on Friday, reaching $4.20. The stock had a trading volume of 11,526 shares, compared to its average volume of 20,671. The stock has a market cap of $134.10 million, a PE ratio of -8.57 and a beta of -0.65. The firm’s 50 day moving average price is $3.94 and its two-hundred day moving average price is $4.27. Verde Clean Fuels has a one year low of $1.95 and a one year high of $5.61.

Verde Clean Fuels (NASDAQ:VGAS) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter.

Verde Clean Fuels Company Profile

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.