Gevo, Inc. (NASDAQ:GEVO) Sees Large Decline in Short Interest

Gevo, Inc. (NASDAQ:GEVO) saw a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 22,830,000 shares, a decline of 5.1% from the July 31st total of 24,050,000 shares. Based on an average daily trading volume, of 3,350,000 shares, the days-to-cover ratio is presently 6.8 days.

Insider Transactions at Gevo

In related news, CFO L Lynn Smull sold 69,738 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $53,000.88. Following the sale, the chief financial officer now directly owns 1,169,602 shares in the company, valued at approximately $888,897.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Christopher Michael Ryan sold 84,014 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was 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 $1,196,189.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $53,000.88. Following the transaction, the chief financial officer now owns 1,169,602 shares in the company, valued at approximately $888,897.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 759,600 shares of company stock worth $486,431. 4.00% of the stock is currently owned by company insiders.

Institutional Trading of Gevo

A number of hedge funds and other institutional investors have recently modified their holdings of GEVO. Millennium Management LLC acquired a new position in Gevo during the second quarter worth $2,888,000. Thomist Capital Management LP acquired a new position in shares of Gevo during the 1st quarter worth about $1,833,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Gevo in the 2nd quarter valued at about $295,000. Vanguard Group Inc. lifted its stake in Gevo by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after purchasing an additional 409,693 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Gevo during the second quarter worth about $112,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

Gevo Stock Down 1.4 %

Shares of Gevo stock opened at $0.79 on Tuesday. Gevo has a 52-week low of $0.48 and a 52-week high of $1.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22. The business’s 50 day simple moving average is $0.65 and its 200 day simple moving average is $0.69. The firm has a market cap of $189.18 million, a PE ratio of -2.72 and a beta of 2.90.

Gevo (NASDAQ:GEVO) last announced its earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The business had revenue of $5.26 million during the quarter, compared to analysts’ expectations of $3.93 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. On average, analysts predict that Gevo will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and set a $14.00 price objective on shares of Gevo in a report on Monday, August 12th.

Gevo Company Profile

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.