Short Interest in Gevo, Inc. (NASDAQ:GEVO) Declines By 5.1%

Gevo, Inc. (NASDAQ:GEVO) was the target of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 22,830,000 shares, a decrease of 5.1% from the July 31st total of 24,050,000 shares. Based on an average trading volume of 3,350,000 shares, the days-to-cover ratio is presently 6.8 days.

Insider Buying and Selling at Gevo

In other news, CEO Patrick R. Gruber sold 127,276 shares of Gevo stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total transaction of $64,910.76. Following the transaction, the chief executive officer now owns 3,922,404 shares in the company, valued at approximately $2,000,426.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Patrick R. Gruber sold 127,276 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total value of $64,910.76. Following the completion of the sale, 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 accessible through this link. Also, CEO Patrick R. Gruber sold 164,428 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $124,965.28. Following the sale, the chief executive officer now owns 3,757,976 shares of the company’s stock, valued at approximately $2,856,061.76. The disclosure for this sale can be found here. Insiders sold 759,600 shares of company stock valued at $486,431 over the last quarter. 4.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Bayesian Capital Management LP acquired a new position in Gevo during the first quarter worth $27,000. FinTrust Capital Advisors LLC acquired a new position in Gevo during the first quarter worth $38,000. XTX Topco Ltd lifted its stake in Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after purchasing an additional 51,057 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Gevo by 79.5% during the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock worth $110,000 after purchasing an additional 63,179 shares in the last quarter. Finally, RPO LLC acquired a new position in Gevo during the fourth quarter worth $77,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Gevo Trading Down 7.3 %

Shares of Gevo stock opened at $0.73 on Wednesday. The firm has a market capitalization of $175.29 million, a price-to-earnings ratio of -2.52 and a beta of 2.90. Gevo has a fifty-two week low of $0.48 and a fifty-two week high of $1.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22. The stock has a 50 day moving average of $0.65 and a 200 day moving average of $0.68.

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

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Monday, August 12th.

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.