Short Interest in Verde Clean Fuels, Inc. (NASDAQ:VGAS) Expands By 19.7%

Verde Clean Fuels, Inc. (NASDAQ:VGAS) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 135,400 shares, an increase of 19.7% from the December 31st total of 113,100 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average trading volume of 12,900 shares, the short-interest ratio is presently 10.5 days.

Verde Clean Fuels Stock Performance

NASDAQ VGAS opened at $3.68 on Monday. The firm has a market capitalization of $117.94 million, a P/E ratio of -7.36 and a beta of -0.60. Verde Clean Fuels has a fifty-two week low of $2.52 and a fifty-two week high of $5.61. The stock has a 50-day simple moving average of $3.91 and a two-hundred day simple moving average of $4.01.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Verde Clean Fuels stock. Geode Capital Management LLC lifted its stake in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,807 shares of the company’s stock after purchasing an additional 6,191 shares during the period. Geode Capital Management LLC owned about 0.24% of Verde Clean Fuels worth $310,000 as of its most recent filing with the Securities & Exchange Commission. 15.61% of the stock is owned by institutional investors and hedge funds.

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.