Gevo Inc. (NASDAQ:GEVO) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 6,182,892 shares, a decline of 20.7% from the August 31st total of 7,792,287 shares. Approximately 7.0% of the company’s stock are short sold. Based on an average daily volume of 12,646,009 shares, the short-interest ratio is presently 0.5 days.

Shares of Gevo (NASDAQ:GEVO) opened at 0.482 on Friday. The company has a 50-day moving average of $0.52 and a 200 day moving average of $0.45. The firm’s market capitalization is $23.66 million. Gevo has a 12-month low of $0.22 and a 12-month high of $2.24.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.12. The company earned $8.11 million during the quarter, compared to analysts’ expectations of $8.90 million. Gevo had a negative return on equity of 67.50% and a negative net margin of 133.03%. On average, analysts predict that Gevo will post ($0.72) EPS for the current year.

An institutional investor recently raised its position in Gevo stock. State Treasurer State of Michigan boosted its position in Gevo Inc. (NASDAQ:GEVO) by 8.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 836,448 shares of the company’s stock after buying an additional 68,301 shares during the period. State Treasurer State of Michigan owned 3.63% of Gevo worth $494,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 3.50% of the company’s stock.

Separately, Zacks Investment Research cut shares of Gevo from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th.

Gevo Company Profile

Gevo, Inc (Gevo) is a renewable chemicals and next generation biofuels company. The Company has developed a technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstock.

5 Day Chart for NASDAQ:GEVO

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