LanzaTech Global, Inc. (NASDAQ:LNZA) Sees Large Growth in Short Interest

LanzaTech Global, Inc. (NASDAQ:LNZA) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 8,190,000 shares, an increase of 7.1% from the July 15th total of 7,650,000 shares. Approximately 5.3% of the company’s shares are short sold. Based on an average daily trading volume, of 706,800 shares, the days-to-cover ratio is presently 11.6 days.

Wall Street Analyst Weigh In

Separately, TD Cowen started coverage on LanzaTech Global in a research report on Tuesday, May 7th. They issued a “hold” rating and a $3.00 target price on the stock.

Institutional Investors Weigh In On LanzaTech Global

A number of institutional investors have recently modified their holdings of LNZA. Daiwa Securities Group Inc. acquired a new stake in shares of LanzaTech Global in the fourth quarter valued at $63,000. Van ECK Associates Corp grew its stake in LanzaTech Global by 52.3% during the 4th quarter. Van ECK Associates Corp now owns 510,257 shares of the company’s stock worth $2,567,000 after purchasing an additional 175,290 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in LanzaTech Global during the 4th quarter worth $201,000. Green Alpha Advisors LLC grew its stake in LanzaTech Global by 3.2% during the 1st quarter. Green Alpha Advisors LLC now owns 119,559 shares of the company’s stock worth $370,000 after purchasing an additional 3,687 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in LanzaTech Global by 14.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 207,940 shares of the company’s stock worth $644,000 after purchasing an additional 26,097 shares in the last quarter. 17.76% of the stock is owned by institutional investors and hedge funds.

LanzaTech Global Price Performance

NASDAQ:LNZA opened at $1.47 on Tuesday. LanzaTech Global has a 52 week low of $1.16 and a 52 week high of $8.70. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $290.66 million, a P/E ratio of -3.00 and a beta of 1.56. The stock’s fifty day moving average is $1.76 and its two-hundred day moving average is $2.55.

LanzaTech Global (NASDAQ:LNZA) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). LanzaTech Global had a negative net margin of 152.29% and a negative return on equity of 79.28%. The firm had revenue of $17.38 million during the quarter, compared to analyst estimates of $14.68 million. During the same period in the previous year, the firm posted ($0.14) earnings per share. Equities analysts expect that LanzaTech Global will post -0.42 EPS for the current year.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.