Gevo, Inc. (NASDAQ:GEVO) Short Interest Update

Gevo, Inc. (NASDAQ:GEVO) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 30,690,000 shares, a growth of 7.6% from the September 30th total of 28,530,000 shares. Based on an average trading volume of 6,920,000 shares, the days-to-cover ratio is presently 4.4 days.

Insider Buying and Selling at Gevo

In other Gevo news, CEO Patrick R. Gruber sold 127,276 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total transaction of $64,910.76. Following the sale, the chief executive officer now owns 3,922,404 shares of the company’s stock, valued at $2,000,426.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the transaction, the insider now directly owns 947,882 shares in the company, valued at $2,900,518.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick R. Gruber sold 127,276 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total transaction of $64,910.76. Following the transaction, the chief executive officer now owns 3,922,404 shares of the company’s stock, valued at $2,000,426.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 583,171 shares of company stock valued at $421,858 in the last 90 days. 4.00% of the stock is currently owned by company insiders.

Institutional Trading of Gevo

Several hedge funds have recently added to or reduced their stakes in GEVO. Mirae Asset Global Investments Co. Ltd. bought a new stake in Gevo in the first quarter worth $89,000. BNP Paribas Financial Markets lifted its stake in Gevo by 79.5% in the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock worth $110,000 after purchasing an additional 63,179 shares during the last quarter. FinTrust Capital Advisors LLC bought a new position in shares of Gevo during the first quarter valued at about $38,000. Vanguard Group Inc. raised its stake in shares of Gevo by 3.1% during the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after acquiring an additional 409,693 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Gevo by 128.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock valued at $263,000 after acquiring an additional 192,457 shares during the last quarter. 35.17% of the stock is owned by institutional investors.

Gevo Stock Up 1.7 %

Shares of NASDAQ:GEVO opened at $2.37 on Friday. Gevo has a 52-week low of $0.48 and a 52-week high of $3.39. The firm has a fifty day moving average of $1.62 and a 200 day moving average of $0.98. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13.

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

Wall Street Analyst Weigh In

GEVO has been the subject of several research reports. HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of Gevo in a research report on Friday, October 18th. UBS Group upped their target price on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

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.