LanzaTech Global, Inc. (NASDAQ:LNZA) Sees Significant Increase in Short Interest
by Teresa Graham · The Cerbat GemLanzaTech Global, Inc. (NASDAQ:LNZA – Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 63,878 shares, an increase of 18.2% from the March 31st total of 54,021 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 50,937 shares, the days-to-cover ratio is currently 1.3 days.
Analyst Ratings Changes
A number of research analysts have recently commented on LNZA shares. Wall Street Zen raised LanzaTech Global to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of LanzaTech Global in a report on Tuesday, April 21st. Finally, Zacks Research upgraded LanzaTech Global to a “hold” rating in a report on Wednesday, April 1st. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $14.00.
View Our Latest Research Report on LanzaTech Global
LanzaTech Global Trading Up 0.3%
LNZA traded up $0.07 during midday trading on Friday, hitting $24.78. 19,038 shares of the company were exchanged, compared to its average volume of 52,525. The company’s 50 day simple moving average is $19.02 and its 200 day simple moving average is $16.72. The firm has a market capitalization of $250.01 million and a price-to-earnings ratio of -2.69. LanzaTech Global has a 1-year low of $7.88 and a 1-year high of $71.19.
LanzaTech Global (NASDAQ:LNZA – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($6.47) by $6.43. The company had revenue of $28.00 million for the quarter, compared to analyst estimates of $12.20 million. On average, equities analysts anticipate that LanzaTech Global will post -7.66 EPS for the current year.
Institutional Investors Weigh In On LanzaTech Global
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DRW Securities LLC acquired a new stake in LanzaTech Global during the 4th quarter worth about $160,000. Qube Research & Technologies Ltd acquired a new stake in LanzaTech Global during the 2nd quarter worth about $27,000. XTX Topco Ltd grew its position in LanzaTech Global by 380.5% during the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after purchasing an additional 149,576 shares during the period. AQR Capital Management LLC grew its position in LanzaTech Global by 1,045.1% during the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after purchasing an additional 168,247 shares during the period. Finally, Marshall Wace LLP acquired a new stake in LanzaTech Global during the 2nd quarter worth about $82,000. 17.76% of the stock is owned by institutional investors and hedge funds.
About LanzaTech Global
LanzaTech Global, Inc is a carbon recycling company that specializes in capturing industrial emissions and converting them into sustainable fuels and chemicals through a proprietary gas fermentation process. By utilizing metal- and microbe-catalyzed conversion technologies, the company transforms waste carbon monoxide and carbon dioxide streams from steel mills, refineries, and other industrial sites into ethanol, jet fuel precursors, and other commodity chemicals. These products can be used as drop-in replacements for petrochemicals, helping to reduce greenhouse gas emissions and advance circular economy initiatives.
Founded in 2005 and headquartered in Skokie, Illinois, LanzaTech has developed its platform through research collaborations and commercial demonstration plants.