Gevo (GEVO) : Traders are getting increasingly bearish on Gevo (GEVO), as can be seen in the addition of short positions from 6,569,417 on Jul 29, 2016, to 7,279,809 on August 15, 2016. The net change in shorts is 710,392 shares, an increase of 10.8%. 1 days remain before the expiry. The 8.3% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 11,061,113. The short interest information was released on Wednesday Aug 24th after the market close.
Gevo (NASDAQ:GEVO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.53 and $0.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.53, notching a gain of 0.08% for the day. The total traded volume was 2,175,401 . The stock had closed at $0.53 on the previous day.
In a related news,The officer (President and COO) of Gevo, Inc., Ryan Christopher Michael sold 141 shares at $0.56 on August 12, 2016. The Insider selling transaction had a total value worth of $079. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Gevo, Inc. (Gevo) is a renewable chemicals and biofuels company. The Compnay is focused on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. The Company operates through two segments: the Gevo, Inc. and the Gevo Development/Agri-Energy. The Gevo, Inc. segment is responsible for all research and development activities related to the production of isobutanol, including the development of its biocatalysts, the production and sale of biojet fuel. The Gevo Development/Agri-Energy Segment is responsible for the operation of its Agri-Energy Facility and the production of ethanol, isobutanol and related products.