Gevo, Inc. (NASDAQ:GEVO – Get Free Report) saw a significant decline in short interest in December. As of December 31st, there was short interest totalling 30,550,000 shares, a decline of 15.9% from the December 15th total of 36,330,000 shares. Based on an average daily trading volume, of 4,830,000 shares, the short-interest ratio is presently 6.3 days.
Gevo Stock Up 0.6 %
Shares of GEVO traded up $0.01 during trading hours on Wednesday, reaching $0.87. 9,809,939 shares of the company traded hands, compared to its average volume of 5,580,851. The business has a fifty day moving average price of $1.15 and a 200-day moving average price of $1.29. Gevo has a 12-month low of $0.83 and a 12-month high of $2.30. The stock has a market capitalization of $207.96 million, a P/E ratio of -2.77 and a beta of 2.95.
Gevo (NASDAQ:GEVO – Get Free Report) last issued its quarterly earnings results on Monday, November 13th. The energy company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The firm had revenue of $4.53 million for the quarter, compared to analyst estimates of $4.60 million. Gevo had a negative return on equity of 12.43% and a negative net margin of 546.89%. As a group, research analysts predict that Gevo will post -0.26 EPS for the current fiscal year.
Insider Buying and Selling
In other Gevo news, insider Andrew Shafer sold 24,978 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $1.23, for a total transaction of $30,722.94. Following the sale, the insider now owns 156,841 shares of the company’s stock, valued at approximately $192,914.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.55% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Gevo
Large investors have recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Gevo by 48.2% during the second quarter. State Street Corp now owns 35,309,857 shares of the energy company’s stock worth $82,978,000 after purchasing an additional 11,479,096 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Gevo by 5,722.1% in the 4th quarter. Millennium Management LLC now owns 3,405,121 shares of the energy company’s stock valued at $6,470,000 after buying an additional 3,346,635 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Gevo in the 3rd quarter valued at about $4,875,000. BlackRock Inc. boosted its stake in shares of Gevo by 7.4% in the second quarter. BlackRock Inc. now owns 28,787,567 shares of the energy company’s stock worth $43,757,000 after buying an additional 1,994,123 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Gevo by 13.1% during the third quarter. Vanguard Group Inc. now owns 12,458,518 shares of the energy company’s stock worth $28,406,000 after acquiring an additional 1,442,541 shares during the period. Hedge funds and other institutional investors own 39.26% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Stifel Nicolaus decreased their target price on shares of Gevo from $3.60 to $2.20 and set a “buy” rating for the company in a research report on Monday, November 27th. UBS Group decreased their price objective on Gevo from $1.50 to $1.36 and set a “neutral” rating for the company in a report on Wednesday, December 13th.
About Gevo
Gevo, Inc operates as a renewable fuels company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company offers renewable gasoline and diesel, isooctane, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.