Gevo, Inc. (NASDAQ:GEVO) Sees Significant Increase in Short Interest

Gevo, Inc. (NASDAQ:GEVOGet Free Report) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 32,260,000 shares, a growth of 16.5% from the December 15th total of 27,690,000 shares. Based on an average daily trading volume, of 8,740,000 shares, the days-to-cover ratio is presently 3.7 days.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group increased their target price on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of Gevo in a research note on Wednesday, November 13th.

Check Out Our Latest Stock Analysis on Gevo

Gevo Price Performance

GEVO stock remained flat at $2.20 during mid-day trading on Friday. 5,238,943 shares of the company’s stock were exchanged, compared to its average volume of 9,066,379. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The stock has a market cap of $526.70 million, a P/E ratio of -6.47 and a beta of 2.77. The business has a 50 day moving average of $1.78 and a 200 day moving average of $1.45. Gevo has a twelve month low of $0.48 and a twelve month high of $3.39.

Insiders Place Their Bets

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the completion of the sale, the insider now owns 332,430 shares of the company’s stock, valued at $787,859.10. This trade represents a 7.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Gevo

Hedge funds have recently made changes to their positions in the company. Millennium Management LLC purchased a new stake in shares of Gevo in the 2nd quarter worth $2,888,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Gevo in the 2nd quarter valued at about $295,000. International Assets Investment Management LLC bought a new stake in shares of Gevo in the 4th quarter valued at about $59,000. Point72 Asset Management L.P. raised its holdings in shares of Gevo by 54.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after purchasing an additional 812,870 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Gevo in the 2nd quarter valued at about $112,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Gevo Company Profile

(Get Free Report)

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.

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