Gevo, Inc. (NASDAQ:GEVO – Get Rating) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 43,840,000 shares, a growth of 6.0% from the February 13th total of 41,370,000 shares. Based on an average daily volume of 6,440,000 shares, the short-interest ratio is presently 6.8 days.
Analysts Set New Price Targets
Separately, UBS Group started coverage on Gevo in a research report on Tuesday, December 13th. They set a “neutral” rating and a $2.25 target price on the stock.
Gevo Price Performance
NASDAQ:GEVO opened at $1.76 on Friday. The company has a quick ratio of 16.08, a current ratio of 16.33 and a debt-to-equity ratio of 0.11. The business’s 50-day simple moving average is $1.97 and its two-hundred day simple moving average is $2.14. The stock has a market cap of $417.42 million, a PE ratio of -3.98 and a beta of 3.08. Gevo has a 52 week low of $1.55 and a 52 week high of $5.49.
Insider Activity at Gevo
Institutional Investors Weigh In On Gevo
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Gevo by 1.6% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 186,579 shares of the energy company’s stock valued at $438,000 after acquiring an additional 2,890 shares during the period. Creative Planning raised its holdings in Gevo by 33.3% during the second quarter. Creative Planning now owns 17,627 shares of the energy company’s stock valued at $41,000 after acquiring an additional 4,400 shares during the period. Man Group plc increased its holdings in shares of Gevo by 5.1% in the fourth quarter. Man Group plc now owns 130,970 shares of the energy company’s stock worth $249,000 after purchasing an additional 6,366 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Gevo by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 191,215 shares of the energy company’s stock worth $363,000 after purchasing an additional 7,936 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Gevo by 29.4% in the fourth quarter. AQR Capital Management LLC now owns 37,721 shares of the energy company’s stock worth $72,000 after purchasing an additional 8,562 shares during the last quarter. 45.83% of the stock is owned by institutional investors.
Gevo, Inc is a renewable chemicals and next generation biofuels company, which focuses on the development and commercialization of renewable alternatives to petroleum-based products. It operates through the following segments: Gevo and Gevo Development and Agri-Energy. The Gevo segment focuses on the research and development activities related to the future production of isobutanol, including the development of the firm’s proprietary biocatalysts, the production and sale of renewable jet and other fuels, the retrofit process, and the next generation of chemicals and biofuels that will be based on the company’s isobutanol technology.
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