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

Gevo, Inc. (NASDAQ:GEVO) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 28,530,000 shares, a growth of 18.0% from the September 15th total of 24,170,000 shares. Based on an average daily volume of 4,890,000 shares, the days-to-cover ratio is presently 5.8 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $14.00 price objective on shares of Gevo in a research note on Friday, September 13th.

Gevo Price Performance

Shares of NASDAQ GEVO traded down $0.06 during trading on Monday, hitting $2.00. The company had a trading volume of 5,400,676 shares, compared to its average volume of 5,253,554. Gevo has a 52 week low of $0.48 and a 52 week high of $2.11. The business’s 50-day moving average is $1.11 and its 200 day moving average is $0.81. The company has a market cap of $472.47 million, a P/E ratio of -6.90 and a beta of 2.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22.

Gevo (NASDAQ:GEVO) last announced its earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, meeting 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 return on equity of 13.50% and a negative net margin of 407.97%. During the same period in the prior year, the business posted ($0.06) earnings per share. Equities research analysts predict that Gevo will post -0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gevo news, CEO Patrick R. Gruber sold 164,428 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $124,965.28. Following the transaction, the chief executive officer now directly owns 3,757,976 shares in the company, valued at $2,856,061.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Patrick R. Gruber sold 164,428 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $124,965.28. Following the transaction, the chief executive officer now directly owns 3,757,976 shares in the company, valued at approximately $2,856,061.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick R. Gruber sold 108,966 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $0.59, for a total transaction of $64,289.94. Following the sale, the chief executive officer now owns 4,049,680 shares in the company, valued at approximately $2,389,311.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 759,600 shares of company stock worth $486,431 in the last three months. 4.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bayesian Capital Management LP acquired a new position in Gevo in the 1st quarter worth approximately $27,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Gevo in the first quarter worth approximately $38,000. Alternative Investment Advisors LLC. purchased a new position in Gevo during the second quarter valued at approximately $51,000. Point72 DIFC Ltd purchased a new stake in Gevo in the 2nd quarter worth approximately $64,000. Finally, Paloma Partners Management Co purchased a new position in shares of Gevo during the 1st quarter valued at $74,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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.