Short Interest in LanzaTech Global, Inc. (NASDAQ:LNZAW) Rises By 1,567.0%

LanzaTech Global, Inc. (NASDAQ:LNZAW) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 26,339 shares, a growth of 1,567.0% from the May 14th total of 1,580 shares. Based on an average trading volume of 19,254 shares, the days-to-cover ratio is presently 1.4 days.

LanzaTech Global Stock Down 32.5%

Shares of LNZAW stock traded down $0.01 on Tuesday, hitting $0.01. 44,782 shares of the stock were exchanged, compared to its average volume of 58,968. LanzaTech Global has a one year low of $0.01 and a one year high of $0.08. The firm’s 50 day moving average is $0.02 and its two-hundred day moving average is $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.