Fervo Energy Company (NASDAQ:FRVO – Get Free Report) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,826,230 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily trading volume, of 4,738,233 shares, the short-interest ratio is currently 0.6 days.
Fervo Energy Stock Performance
Shares of Fervo Energy stock traded up $2.06 on Tuesday, hitting $37.63. The company’s stock had a trading volume of 2,019,134 shares, compared to its average volume of 4,881,391. Fervo Energy has a 1 year low of $34.27 and a 1 year high of $42.65.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. HC Wainwright restated a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. Jefferies Financial Group began coverage on Fervo Energy in a research note on Wednesday, May 27th. They issued a “hold” rating and a $42.00 price target for the company. Finally, Wall Street Zen upgraded Fervo Energy to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.
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