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

Verde Clean Fuels, Inc. (NASDAQ:VGAS) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 110,000 shares, a decline of 21.9% from the May 31st total of 140,800 shares. Based on an average trading volume of 12,100 shares, the days-to-cover ratio is presently 9.1 days. Approximately 3.9% of the company’s stock are short sold.

Verde Clean Fuels Trading Down 9.8 %

VGAS stock opened at $4.14 on Monday. The stock has a 50-day moving average price of $4.61 and a two-hundred day moving average price of $3.81. Verde Clean Fuels has a 1 year low of $1.95 and a 1 year high of $7.41. The stock has a market cap of $132.19 million, a PE ratio of -8.45 and a beta of -0.60.

Verde Clean Fuels (NASDAQ:VGAS) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.13) earnings per share (EPS) for the quarter.

Institutional Trading of Verde Clean Fuels

An institutional investor recently bought a new position in Verde Clean Fuels stock. Shaolin Capital Management LLC purchased a new stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 62,690 shares of the company’s stock, valued at approximately $236,000. Shaolin Capital Management LLC owned about 0.20% of Verde Clean Fuels at the end of the most recent quarter. 15.61% of the stock is currently 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.