Gevo, Inc. (NASDAQ:GEVO) Sees Significant Increase in Short Interest

Gevo, Inc. (NASDAQ:GEVO) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 32,260,000 shares, a growth of 16.5% from the December 15th total of 27,690,000 shares. Based on an average daily volume of 8,740,000 shares, the days-to-cover ratio is currently 3.7 days.

Insider Buying and Selling at Gevo

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the sale, the insider now directly owns 332,430 shares of the company’s stock, valued at $787,859.10. This trade represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GEVO. XTX Topco Ltd boosted 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 valued at $74,000 after buying an additional 51,057 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in Gevo during the second quarter valued at $64,000. Cubist Systematic Strategies LLC purchased a new stake in Gevo during the second quarter valued at $112,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Gevo during the second quarter valued at $295,000. Finally, Millennium Management LLC purchased a new stake in Gevo during the second quarter valued at $2,888,000. 35.17% of the stock is owned by institutional investors.

Gevo Stock Performance

GEVO remained flat at $2.20 during trading on Friday. 5,238,943 shares of the company traded hands, compared to its average volume of 9,066,379. The company has a market cap of $526.70 million, a P/E ratio of -6.47 and a beta of 2.77. The stock has a 50-day moving average price of $1.78 and a 200-day moving average price of $1.45. Gevo has a 52 week low of $0.48 and a 52 week high of $3.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25.

Analyst Ratings Changes

GEVO has been the topic of several recent analyst reports. HC Wainwright reissued a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Wednesday, November 13th. UBS Group lifted their price objective on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

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.