Aemetis, Inc (NASDAQ:AMTX) Short Interest Update

Aemetis, Inc (NASDAQ:AMTX) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 4,691,245 shares, a decrease of 15.3% from the February 26th total of 5,537,109 shares. Based on an average daily volume of 1,305,036 shares, the days-to-cover ratio is currently 3.6 days. Currently, 8.4% of the shares of the company are short sold.

Aemetis Price Performance

Aemetis stock opened at $2.98 on Thursday. Aemetis has a 12 month low of $1.22 and a 12 month high of $3.66. The business has a 50 day simple moving average of $1.90 and a 200-day simple moving average of $1.95. The stock has a market capitalization of $198.56 million, a PE ratio of -2.24 and a beta of 2.61.

Aemetis (NASDAQ:AMTX) last posted its quarterly earnings data on Thursday, March 12th. The specialty chemicals company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.04. The firm had revenue of $43.31 million during the quarter, compared to analysts’ expectations of $72.07 million. As a group, equities research analysts anticipate that Aemetis will post -2.07 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning acquired a new stake in Aemetis in the second quarter valued at about $30,000. Bank of America Corp DE boosted its holdings in Aemetis by 62.6% in the 3rd quarter. Bank of America Corp DE now owns 38,526 shares of the specialty chemicals company’s stock valued at $87,000 after purchasing an additional 14,836 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Aemetis by 206.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 22,962 shares of the specialty chemicals company’s stock worth $57,000 after purchasing an additional 15,474 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Aemetis during the 2nd quarter worth approximately $42,000. Finally, Centiva Capital LP purchased a new position in shares of Aemetis during the 3rd quarter worth approximately $39,000. 27.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AMTX shares. Loop Capital set a $1.75 price objective on shares of Aemetis in a research report on Thursday, March 12th. Wall Street Zen raised shares of Aemetis from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Aemetis in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.25.

About Aemetis

Aemetis, Inc, headquartered in Cupertino, California, is a renewable fuels and renewable natural gas producer dedicated to decarbonizing the transportation sector. The company operates two primary business segments: Aemetis Advanced Fuels, which manufactures ethanol, biodiesel and sustainable aviation fuel using patented carbon capture and separation technology; and Aemetis RNG, which develops dairy-based renewable natural gas projects in California for pipeline injection and transportation use.

Since its incorporation in 2006, Aemetis has expanded its production footprint through organic growth and strategic acquisitions.