Gevo, Inc. (NASDAQ:GEVO) Short Interest Down 5.1% in August

Gevo, Inc. (NASDAQ:GEVO) was the target of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 22,830,000 shares, a decline of 5.1% from the July 31st total of 24,050,000 shares. Based on an average daily volume of 3,350,000 shares, the short-interest ratio is currently 6.8 days.

Gevo Price Performance

Shares of GEVO stock opened at $0.72 on Thursday. Gevo has a 52 week low of $0.48 and a 52 week high of $1.43. The stock has a market capitalization of $172.37 million, a PE ratio of -2.48 and a beta of 2.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22. The stock’s fifty day moving average is $0.65 and its 200-day moving average is $0.68.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). The firm had revenue of $5.26 million during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted ($0.06) EPS. Equities research analysts expect that Gevo will post -0.34 EPS for the current fiscal year.

Insider Activity

In other Gevo news, CEO Patrick R. Gruber sold 164,428 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 transaction of $124,965.28. Following the sale, the chief executive officer now owns 3,757,976 shares in the company, valued at $2,856,061.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Gevo 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 transaction of $124,965.28. Following the completion of the transaction, the chief executive officer now owns 3,757,976 shares in the company, valued at $2,856,061.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick R. Gruber sold 127,276 shares of Gevo stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total value of $64,910.76. Following the sale, the chief executive officer now directly owns 3,922,404 shares in the company, valued at $2,000,426.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 759,600 shares of company stock worth $486,431. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

Large investors have recently made changes to their positions in the company. Bayesian Capital Management LP bought a new stake in Gevo during the 1st quarter worth about $27,000. FinTrust Capital Advisors LLC acquired a new position in Gevo in the first quarter valued at approximately $38,000. Point72 DIFC Ltd bought a new position in Gevo in the second quarter valued at approximately $64,000. XTX Topco Ltd grew its holdings in Gevo by 61.8% during the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after acquiring an additional 51,057 shares during the period. Finally, Paloma Partners Management Co bought a new stake in shares of Gevo during the 1st quarter valued at $74,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and issued a $14.00 target price on shares of Gevo in a research note on Monday, August 12th.

About Gevo

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.