Short Interest in LanzaTech Global, Inc. (NASDAQ:LNZAW) Declines By 44.9%
by Michael Walen · The Markets DailyLanzaTech Global, Inc. (NASDAQ:LNZAW – Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 1,580 shares, a decrease of 44.9% from the April 30th total of 2,867 shares. Based on an average daily volume of 20,802 shares, the short-interest ratio is presently 0.1 days.
LanzaTech Global Trading Down 5.4%
NASDAQ LNZAW traded down $0.00 during trading hours on Tuesday, hitting $0.01. 7,971 shares of the company’s stock were exchanged, compared to its average volume of 58,324. The stock has a 50-day simple moving average of $0.02 and a 200 day simple moving average of $0.01. LanzaTech Global has a 1-year low of $0.01 and a 1-year high of $0.08.
About LanzaTech Global
LanzaTech Global, Inc is a biotechnology company that specializes in carbon recycling and the development of sustainable fuels and chemicals. The company’s core technology employs a gas fermentation process that captures carbon-rich industrial off-gases—such as those emitted by steel mills and other heavy industries—and converts them into valuable products. By leveraging proprietary microbial strains, LanzaTech aims to reduce greenhouse gas emissions while producing low-carbon ethanol and a suite of downstream chemicals used in plastics, textiles and personal care products.
In addition to producing ethanol, LanzaTech’s platform can be tailored to generate specialty compounds including isopropanol, acetone and jet fuel precursors.