Gevo, Inc. (NASDAQ:GEVO) Short Interest Up 7.6% in October

Gevo, Inc. (NASDAQ:GEVO) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 30,690,000 shares, an increase 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 Activity at Gevo

In other Gevo news, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares of the company’s stock, valued at $2,900,518.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Gevo news, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares of the company’s stock, valued at $2,900,518.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $53,000.88. Following the sale, the chief financial officer now directly owns 1,169,602 shares of the company’s stock, valued at approximately $888,897.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 583,171 shares of company stock worth $421,858 in the last quarter. 4.00% of the stock is owned by company insiders.

Institutional Trading of Gevo

A number of hedge funds have recently modified their holdings of GEVO. Millennium Management LLC purchased a new position in Gevo during the second quarter worth approximately $2,888,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Gevo during the second quarter worth approximately $295,000. Vanguard Group Inc. boosted its position in Gevo by 3.1% during the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock worth $10,612,000 after purchasing an additional 409,693 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Gevo during the second quarter worth approximately $112,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Gevo during the first quarter worth approximately $89,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Gevo Stock Performance

Gevo stock opened at $2.33 on Friday. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $1.62 and its two-hundred day simple moving average is $0.98. Gevo has a fifty-two week low of $0.48 and a fifty-two week high of $3.39.

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, meeting the consensus estimate of ($0.09). The business had revenue of $5.26 million for 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 quarter in the previous year, the business earned ($0.06) EPS. As a group, sell-side analysts forecast that Gevo will post -0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GEVO shares. HC Wainwright reaffirmed a “buy” rating and set a $14.00 target price on shares of Gevo in a research report on Friday, October 18th. UBS Group upped their target price on Gevo from $0.85 to $3.25 and gave the company 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.