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

LanzaTech Global, Inc. (NASDAQ:LNZA) saw a large growth in short interest during the month of 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. Based on an average trading volume of 696,600 shares, the short-interest ratio is presently 11.0 days. Approximately 5.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On LanzaTech Global

A number of large investors have recently added to or reduced their stakes in the business. Green Alpha Advisors LLC raised its position in LanzaTech Global by 3.2% in the 1st quarter. Green Alpha Advisors LLC now owns 119,559 shares of the company’s stock worth $370,000 after purchasing an additional 3,687 shares during the period. Daiwa Securities Group Inc. purchased a new position in LanzaTech Global in the 4th quarter worth $63,000. Principal Financial Group Inc. purchased a new position in LanzaTech Global in the 2nd quarter worth $28,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in 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 worth $644,000 after purchasing an additional 26,097 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in LanzaTech Global in the 4th quarter worth $201,000. Hedge funds and other institutional investors own 17.76% of the company’s stock.

Analysts Set New Price Targets

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

LanzaTech Global Price Performance

Shares of NASDAQ LNZA traded down $0.04 during mid-day trading on Tuesday, reaching $2.02. 21,584 shares of the company were exchanged, compared to its average volume of 463,250. LanzaTech Global has a 52 week low of $1.41 and a 52 week 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 stock has a market capitalization of $399.41 million, a PE ratio of -4.12 and a beta of 1.57. The company’s 50 day moving average price is $2.13 and its 200 day moving average price is $2.86.

LanzaTech Global (NASDAQ:LNZA) last issued its earnings results on Thursday, May 9th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The business had revenue of $10.24 million during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned ($0.58) EPS. Sell-side analysts forecast that LanzaTech Global will post -0.42 earnings per share for the current fiscal 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.