Gevo (GEVO) : The highest level Gevo (GEVO) is projected to reach is $5 for the short term and the lowest estimate is at $1. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $3 and the possibility the share price can swing is $2.83.
Gevo (GEVO) encountered a rise of 85.4% or 3,391,790 shares in the short positions. The number escalated from 3,970,493 on June 15,2016 to 7,362,283 on June 30,2016. The final interest is 10.1% of the floated stock. The days to cover figure of 1 can be arrived using the average daily exchange of 12,286,658 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Gevo (NASDAQ:GEVO): On Thursdays trading session , Opening price of the stock was $0.551 with an intraday high of $0.567. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $0.5401. However, the stock managed to close at $0.5449, a loss of 3.35% for the day. On the previous day, the stock had closed at $0.5638. The total traded volume of the day was 3,425,491 shares.
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.