Short Interest in Fervo Energy Company (NASDAQ:FRVO) Rises By 61.2%

Fervo Energy Company (NASDAQ:FRVO) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 4,556,256 shares, a growth of 61.2% from the May 14th total of 2,826,230 shares. Based on an average trading volume of 4,263,484 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.6% of the shares of the company are sold short.

Fervo Energy Price Performance

Shares of Fervo Energy stock opened at $36.49 on Thursday. Fervo Energy has a 52 week low of $32.39 and a 52 week high of $42.65.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FRVO. Royal Bank Of Canada began coverage on shares of Fervo Energy in a research report on Monday, June 8th. They set an “outperform” rating and a $46.00 price target for the company. HC Wainwright restated a “buy” rating on shares of Fervo Energy in a research report on Wednesday, May 27th. Sanford C. Bernstein began coverage on shares of Fervo Energy in a research report on Wednesday. They set an “outperform” rating and a $47.00 price target for the company. Roth Mkm began coverage on shares of Fervo Energy in a research report on Thursday, June 11th. They set a “buy” rating and a $45.00 price target for the company. Finally, Guggenheim upgraded shares of Fervo Energy to a “strong-buy” rating and set a $48.00 price target for the company in a research report on Monday, June 8th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.67.