Short Interest in Gevo Inc (NASDAQ:GEVO) Declines By 9.7%

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Gevo Inc (NASDAQ:GEVO) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totalling 319,600 shares, a decrease of 9.7% from the May 30th total of 353,900 shares. Based on an average daily volume of 187,000 shares, the short-interest ratio is presently 1.7 days. Currently, 3.9% of the shares of the company are short sold.

Shares of Gevo stock traded up $0.02 on Friday, reaching $2.28. 122,526 shares of the stock were exchanged, compared to its average volume of 174,911. The firm’s 50 day simple moving average is $2.03. Gevo has a one year low of $1.79 and a one year high of $4.97. The stock has a market cap of $27.11 million, a price-to-earnings ratio of -0.44 and a beta of 2.76.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.63) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.16). Gevo had a negative return on equity of 27.80% and a negative net margin of 101.89%. The firm had revenue of $6.40 million for the quarter, compared to the consensus estimate of $5.57 million. As a group, research analysts anticipate that Gevo will post -1.47 EPS for the current year.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, HC Wainwright upped their price target on shares of Largo Resources from C$5.10 to C$5.20 in a report on Thursday, March 28th.

In other Gevo news, insider Timothy J. Cesarek bought 25,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were purchased at an average price of $1.91 per share, for a total transaction of $47,750.00. Following the transaction, the insider now directly owns 30,000 shares in the company, valued at approximately $57,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.41% of the company’s stock.

A hedge fund recently bought a new stake in Gevo stock. Wedbush Securities Inc. acquired a new position in shares of Gevo Inc (NASDAQ:GEVO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,500 shares of the energy company’s stock, valued at approximately $67,000. Wedbush Securities Inc. owned approximately 0.26% of Gevo at the end of the most recent quarter. Hedge funds and other institutional investors own 8.55% of the company’s stock.

About Gevo

Gevo, Inc is a renewable chemicals and next generation biofuels company, which focuses on the development and commercialization of renewable alternatives to petroleum-based products. It operates through the following segments: Gevo; Gevo Development and Agri-Energy. The Gevo segment focuses in the research and development activities related to the future production of isobutanol, including the development of the firm’s proprietary biocatalysts, the production and sale of renewable jet and other fuels, the retrofit process, and the next generation of chemicals and biofuels that will be based on the company’s isobutanol technology.

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