Verde Clean Fuels, Inc. (NASDAQ:VGASW) Sees Large Decline in Short Interest

Verde Clean Fuels, Inc. (NASDAQ:VGASW) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 4,200 shares, a decline of 46.8% from the February 29th total of 7,900 shares. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is currently 0.4 days.

Verde Clean Fuels Stock Performance

Shares of Verde Clean Fuels stock opened at $0.22 on Thursday. The stock has a fifty day simple moving average of $0.18 and a 200 day simple moving average of $0.17. Verde Clean Fuels has a 12-month low of $0.09 and a 12-month high of $0.48.

Institutional Investors Weigh In On Verde Clean Fuels

Institutional investors have recently bought and sold shares of the stock. Polar Asset Management Partners Inc. purchased a new position in Verde Clean Fuels in the first quarter worth $38,000. Shaolin Capital Management LLC purchased a new position in Verde Clean Fuels in the first quarter worth $162,000. SkyView Investment Advisors LLC purchased a new position in Verde Clean Fuels in the first quarter worth $39,000. Walleye Trading LLC lifted its position in shares of Verde Clean Fuels by 196.7% during the 2nd quarter. Walleye Trading LLC now owns 203,216 shares of the company’s stock valued at $61,000 after buying an additional 134,728 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in shares of Verde Clean Fuels by 197.2% during the 2nd quarter. Walleye Capital LLC now owns 362,012 shares of the company’s stock valued at $109,000 after buying an additional 240,215 shares during the last quarter.

About Verde Clean Fuels

Verde Clean Fuels, Inc focuses on suppling gasoline and other fuels derived from renewable feedstocks or natural gas. It specializes in the conversion of synthesis gas, or syngas, derived from feedstocks, such as biomass, municipal solid waste, and mixed plastics, as well as natural gas, including synthetic natural gas and other feedstocks, into gasoline through proprietary liquid fuels technology.