Short Interest in LanzaTech Global, Inc. (NASDAQ:LNZAW) Drops By 72.9%

LanzaTech Global, Inc. (NASDAQ:LNZAW) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,867 shares, a decline of 72.9% from the April 15th total of 10,587 shares. Based on an average daily volume of 16,410 shares, the days-to-cover ratio is presently 0.2 days.

LanzaTech Global Stock Performance

Shares of NASDAQ:LNZAW traded down $0.00 on Wednesday, hitting $0.01. 24,221 shares of the company were exchanged, compared to its average volume of 62,884. The company’s 50 day moving average price is $0.01 and its two-hundred day moving average price is $0.01. LanzaTech Global has a one year low of $0.01 and a one year high of $0.08.

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.