Short Interest in XCF Global Capital, Inc. (NASDAQ:SAFX) Declines By 35.9%

XCF Global Capital, Inc. (NASDAQ:SAFX) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 5,512,125 shares, a drop of 35.9% from the June 30th total of 8,597,102 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 3,582,368 shares, the days-to-cover ratio is presently 1.5 days.

Insider Buying and Selling at XCF Global Capital

In other news, major shareholder Randy Soule sold 5,000,000 shares of XCF Global Capital stock in a transaction on Friday, May 15th. The stock was sold at an average price of $0.41, for a total value of $2,050,000.00. Following the transaction, the insider owned 72,383,239 shares in the company, valued at approximately $29,677,127.99. This trade represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On XCF Global Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of SAFX. State Street Corp increased its holdings in XCF Global Capital by 37.3% in the 4th quarter. State Street Corp now owns 256,448 shares of the company’s stock worth $70,000 after purchasing an additional 69,698 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of XCF Global Capital by 379.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 120,789 shares of the company’s stock valued at $33,000 after purchasing an additional 95,596 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of XCF Global Capital by 315.7% during the fourth quarter. Deutsche Bank AG now owns 199,524 shares of the company’s stock valued at $54,000 after purchasing an additional 151,529 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of XCF Global Capital during the fourth quarter worth about $42,000. Finally, Simplify Asset Management Inc. bought a new stake in shares of XCF Global Capital during the first quarter worth about $69,000. Institutional investors own 52.34% of the company’s stock.

XCF Global Capital Price Performance

Shares of XCF Global Capital stock opened at $0.36 on Friday. XCF Global Capital has a fifty-two week low of $0.12 and a fifty-two week high of $1.55. The firm has a market capitalization of $119.82 million, a price-to-earnings ratio of -0.53 and a beta of -0.32. The company has a 50 day moving average of $0.43.

XCF Global Capital (NASDAQ:SAFX) last posted its earnings results on Friday, May 15th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $0.35 million for the quarter. XCF Global Capital had a negative return on equity of 588.22% and a net margin of 300.85%. Research analysts expect that XCF Global Capital will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SAFX has been the subject of several recent analyst reports. Weiss Ratings upgraded XCF Global Capital from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. HC Wainwright started coverage on XCF Global Capital in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $1.00 target price on the stock. Roth Capital reissued a “neutral” rating on shares of XCF Global Capital in a research note on Monday, April 13th. Finally, Wall Street Zen raised shares of XCF Global Capital from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, XCF Global Capital presently has an average rating of “Hold” and an average price target of $0.70.

XCF Global Capital Company Profile

XCF Global Capital Inc is a player in decarbonizing the aviation industry through Sustainable Aviation Fuel. XCF Global Capital Inc, formerly known as Focus Impact BH3 Acquisition Company, is based in RENO, NV.