LanzaTech Global, Inc. (NASDAQ:LNZAW – Get Free Report) was the recipient of a significant 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 trading volume, of 20,802 shares, the short-interest ratio is presently 0.1 days.
LanzaTech Global Stock Performance
NASDAQ LNZAW traded up $0.00 during mid-day trading on Thursday, reaching $0.01. 38,158 shares of the stock were exchanged, compared to its average volume of 57,758. LanzaTech Global has a 1 year low of $0.01 and a 1 year high of $0.08. The business’s 50 day moving average is $0.02 and its 200-day moving average is $0.01.
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.
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