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

LanzaTech Global, Inc. (NASDAQ:LNZAGet Free Report) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 4,460,000 shares, a decline of 9.3% from the April 15th total of 4,920,000 shares. Currently, 2.9% of the shares of the stock are short sold. Based on an average daily volume of 332,300 shares, the days-to-cover ratio is currently 13.4 days.

Analysts Set New Price Targets

LNZA has been the subject of several recent analyst reports. Roth Mkm restated a “buy” rating and issued a $6.00 price target on shares of LanzaTech Global in a report on Monday, March 25th. Seaport Res Ptn restated a “buy” rating on shares of LanzaTech Global in a report on Friday, March 15th. Finally, TD Cowen began coverage on shares of LanzaTech Global in a research note on Tuesday, May 7th. They set a “hold” rating and a $3.00 price target on the stock.

Check Out Our Latest Stock Analysis on LNZA

LanzaTech Global Trading Up 0.7 %

Shares of LNZA traded up $0.02 during mid-day trading on Wednesday, reaching $2.75. The company had a trading volume of 224,398 shares, compared to its average volume of 301,086. The stock has a market cap of $540.76 million, a price-to-earnings ratio of -5.61 and a beta of 1.58. The firm has a fifty day simple moving average of $2.87 and a 200-day simple moving average of $3.75. LanzaTech Global has a fifty-two week low of $1.86 and a fifty-two week high of $8.70. The company has a current ratio of 6.89, a quick ratio of 6.89 and a debt-to-equity ratio of 0.21.

LanzaTech Global (NASDAQ:LNZAGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The company had revenue of $10.24 million during the quarter, compared to analyst estimates of $11.09 million. LanzaTech Global had a negative net margin of 152.29% and a negative return on equity of 79.28%. During the same quarter last year, the business earned ($0.58) EPS. On average, sell-side analysts anticipate that LanzaTech Global will post -0.41 EPS for the current fiscal year.

Insider Activity at LanzaTech Global

In related news, insider Freya Burton sold 50,225 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $3.24, for a total transaction of $162,729.00. Following the sale, the insider now owns 39,846 shares in the company, valued at $129,101.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hedge Funds Weigh In On LanzaTech Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of LanzaTech Global by 1,631.0% during the 3rd 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. Invesco Ltd. lifted its holdings in shares of LanzaTech Global by 14,760.6% during the 3rd quarter. Invesco Ltd. now owns 1,565,569 shares of the company’s stock valued at $7,311,000 after acquiring an additional 1,555,034 shares in the last quarter. Van ECK Associates Corp acquired a new position in LanzaTech Global in the 3rd quarter worth $1,564,000. Daiwa Securities Group Inc. acquired a new position in LanzaTech Global in the 4th quarter worth $63,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in LanzaTech Global in the 3rd quarter worth $780,000. Institutional investors and hedge funds own 17.76% of the company’s stock.

LanzaTech Global Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for LanzaTech Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LanzaTech Global and related companies with MarketBeat.com's FREE daily email newsletter.