Verde Clean Fuels, Inc. (NASDAQ:VGAS) Short Interest Down 21.9% in June

Verde Clean Fuels, Inc. (NASDAQ:VGAS) saw a large decrease in short interest in June. As of June 15th, there was short interest totalling 110,000 shares, a decrease of 21.9% from the May 31st total of 140,800 shares. Currently, 3.9% of the company’s stock are sold short. Based on an average trading volume of 12,100 shares, the short-interest ratio is currently 9.1 days.

Institutional Trading of Verde Clean Fuels

A hedge fund recently bought a new stake in Verde Clean Fuels stock. Shaolin Capital Management LLC purchased a new stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 62,690 shares of the company’s stock, valued at approximately $236,000. Shaolin Capital Management LLC owned approximately 0.20% of Verde Clean Fuels as of its most recent filing with the SEC. 15.61% of the stock is currently owned by institutional investors and hedge funds.

Verde Clean Fuels Stock Down 9.8 %

Verde Clean Fuels stock traded down $0.45 during midday trading on Friday, hitting $4.14. 148,935 shares of the company’s stock were exchanged, compared to its average volume of 13,752. Verde Clean Fuels has a 12 month low of $1.95 and a 12 month high of $7.41. The firm has a 50-day moving average of $4.61 and a two-hundred day moving average of $3.79.

Verde Clean Fuels (NASDAQ:VGAS) last issued its earnings results on Tuesday, May 14th. The company reported ($0.13) earnings per share (EPS) for the quarter.

About Verde Clean Fuels

Verde Clean Fuels, Inc, operates as a clean energy technology company in the United States. It specializes in the conversion of synthesis gas, or syngas, derived from feedstocks, such as biomass, natural gas, and other feedstocks into liquid hydrocarbons that can be used as gasoline through proprietary liquid fuels technology.