LanzaTech Global, Inc. (NASDAQ:LNZAW) Sees Significant Increase in Short Interest

LanzaTech Global, Inc. (NASDAQ:LNZAW) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 26,339 shares, an increase of 1,567.0% from the May 14th total of 1,580 shares. Based on an average daily trading volume, of 19,254 shares, the short-interest ratio is currently 1.4 days.

LanzaTech Global Stock Up 13.2%

NASDAQ:LNZAW traded up $0.00 during trading hours on Thursday, hitting $0.02. The stock had a trading volume of 302 shares, compared to its average volume of 58,514. The company has a 50 day simple moving average of $0.02 and a two-hundred day simple moving average of $0.01. LanzaTech Global has a one year low of $0.01 and a one 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.