LanzaTech Global, Inc. (NASDAQ:LNZA) Short Interest Update

LanzaTech Global, Inc. (NASDAQ:LNZA) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 7,650,000 shares, a growth of 23.0% from the June 30th total of 6,220,000 shares. Approximately 5.0% of the company’s stock are sold short. Based on an average trading volume of 696,600 shares, the short-interest ratio is currently 11.0 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in LanzaTech Global by 1,631.0% in the third quarter. Vanguard Group Inc. now owns 5,915,847 shares of the company’s stock valued at $27,627,000 after acquiring an additional 5,574,089 shares in the last quarter. Van ECK Associates Corp grew its position in shares of LanzaTech Global by 52.3% during the fourth quarter. Van ECK Associates Corp now owns 510,257 shares of the company’s stock worth $2,567,000 after buying an additional 175,290 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of LanzaTech Global by 433.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 312,021 shares of the company’s stock worth $577,000 after purchasing an additional 253,562 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of LanzaTech Global by 14.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 207,940 shares of the company’s stock valued at $644,000 after purchasing an additional 26,097 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of LanzaTech Global during the second quarter worth about $251,000. 17.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, TD Cowen started coverage on LanzaTech Global in a report on Tuesday, May 7th. They set a “hold” rating and a $3.00 price objective on the stock.

LanzaTech Global Price Performance

Shares of LanzaTech Global stock traded down $0.08 during trading on Tuesday, reaching $1.98. The company’s stock had a trading volume of 47,934 shares, compared to its average volume of 463,432. LanzaTech Global has a 12-month low of $1.41 and a 12-month high of $8.70. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average price of $2.13 and a 200-day moving average price of $2.86. The company has a market capitalization of $391.51 million, a P/E ratio of -4.12 and a beta of 1.57.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The business had revenue of $10.24 million for the quarter, compared to analyst estimates of $11.09 million. LanzaTech Global had a negative return on equity of 79.28% and a negative net margin of 152.29%. During the same quarter last year, the business earned ($0.58) EPS. As a group, sell-side analysts anticipate that LanzaTech Global will post -0.42 EPS for the current year.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.