LanzaTech Global, Inc. (NASDAQ:LNZAW – Get Free Report) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 12,946 shares, a decrease of 66.0% from the June 30th total of 38,029 shares. Based on an average daily volume of 9,337 shares, the short-interest ratio is currently 1.4 days.
LanzaTech Global Trading Down 4.7%
Shares of LNZAW opened at $0.02 on Friday. LanzaTech Global has a 12 month low of $0.01 and a 12 month high of $0.08. The stock has a fifty day moving average price of $0.02 and a 200-day moving average price of $0.01.
LanzaTech Global Company Profile
LanzaTech Global, Inc is a biotechnology company that specializes in carbon recycling and the development of sustainable fuels and chemicals. The company’s core technology employs a gas fermentation process that captures carbon-rich industrial off-gases—such as those emitted by steel mills and other heavy industries—and converts them into valuable products. By leveraging proprietary microbial strains, LanzaTech aims to reduce greenhouse gas emissions while producing low-carbon ethanol and a suite of downstream chemicals used in plastics, textiles and personal care products.
In addition to producing ethanol, LanzaTech’s platform can be tailored to generate specialty compounds including isopropanol, acetone and jet fuel precursors.
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