Short Interest in Gevo, Inc. (NASDAQ:GEVO) Increases By 8.1%

Gevo, Inc. (NASDAQ:GEVO) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 24,670,000 shares, a growth of 8.1% from the August 15th total of 22,830,000 shares. Based on an average trading volume of 3,270,000 shares, the short-interest ratio is currently 7.5 days.

Gevo Trading Up 0.7 %

Shares of Gevo stock traded up $0.01 during trading hours on Wednesday, reaching $1.62. The stock had a trading volume of 10,653,467 shares, compared to its average volume of 5,104,040. The firm has a market capitalization of $382.91 million, a price-to-earnings ratio of -5.55 and a beta of 2.94. Gevo has a 1 year low of $0.48 and a 1 year high of $1.83. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $0.72 and a two-hundred day simple moving average of $0.69.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The firm had revenue of $5.26 million for the quarter, compared to analyst estimates of $3.93 million. During the same quarter last year, the firm posted ($0.06) earnings per share. As a group, equities research analysts anticipate that Gevo will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and set a $14.00 price target on shares of Gevo in a research note on Friday, September 13th.

Insider Buying and Selling at Gevo

In other news, CEO Patrick R. Gruber sold 108,966 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $0.59, for a total transaction of $64,289.94. Following the sale, the chief executive officer now owns 4,049,680 shares in the company, valued at $2,389,311.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Patrick R. Gruber sold 127,276 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total transaction of $64,910.76. Following the completion of the transaction, the chief executive officer now owns 3,922,404 shares of the company’s stock, valued at approximately $2,000,426.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Patrick R. Gruber sold 108,966 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $0.59, for a total transaction of $64,289.94. Following the transaction, the chief executive officer now owns 4,049,680 shares in the company, valued at $2,389,311.20. The disclosure for this sale can be found here. In the last three months, insiders sold 759,600 shares of company stock worth $486,431. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

Hedge funds have recently made changes to their positions in the business. Bayesian Capital Management LP acquired a new stake in Gevo in the 1st quarter valued at $27,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Gevo during the 1st quarter valued at about $38,000. RPO LLC acquired a new position in Gevo during the 4th quarter worth approximately $77,000. Paloma Partners Management Co acquired a new position in Gevo during the 1st quarter worth approximately $74,000. Finally, Point72 DIFC Ltd purchased a new position in Gevo in the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Gevo Company Profile

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.