Verde Clean Fuels, Inc. (NASDAQ:VGAS) Short Interest Update

Verde Clean Fuels, Inc. (NASDAQ:VGAS) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 110,000 shares, a drop of 21.9% from the May 31st total of 140,800 shares. Currently, 3.9% of the shares of the company are sold short. Based on an average daily volume of 12,100 shares, the short-interest ratio is presently 9.1 days.

Verde Clean Fuels Trading Down 9.8 %

Shares of Verde Clean Fuels stock traded down $0.45 during trading on Friday, hitting $4.14. 148,935 shares of the company’s stock were exchanged, compared to its average volume of 13,752. The business has a 50-day simple moving average of $4.61 and a 200-day simple moving average of $3.80. Verde Clean Fuels has a 52-week low of $1.95 and a 52-week high of $7.41.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Verde Clean Fuels stock. Sanders Morris Harris LLC acquired a new stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 102,200 shares of the company’s stock, valued at approximately $409,000. Sanders Morris Harris LLC owned approximately 0.32% of Verde Clean Fuels as of its most recent filing with the Securities and Exchange Commission (SEC). 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.