Fervo Energy Company (NASDAQ:FRVO) Sees Large Growth in Short Interest

Fervo Energy Company (NASDAQ:FRVO) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 2,826,230 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily volume of 4,738,233 shares, the days-to-cover ratio is currently 0.6 days.

Fervo Energy Trading Down 3.0%

NASDAQ FRVO traded down $1.09 during trading hours on Monday, reaching $35.57. The company’s stock had a trading volume of 3,914,907 shares, compared to its average volume of 5,119,858. Fervo Energy has a 52 week low of $34.27 and a 52 week high of $42.65.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Fervo Energy to a “hold” rating in a research note on Saturday, May 16th. Jefferies Financial Group started coverage on shares of Fervo Energy in a research note on Wednesday, May 27th. They set a “hold” rating and a $42.00 price objective on the stock. Finally, HC Wainwright reiterated a “buy” rating on shares of Fervo Energy in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.