XCF Global Capital, Inc. (NASDAQ:SAFX) Stock Short Interest Report for October

XCF Global Capital, Inc. (NASDAQ:SAFX) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 4,551,933 shares, a decline of 41.6% from the September 30th total of 7,794,208 shares. Based on an average daily volume of 3,682,385 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SAFX shares. Weiss Ratings lowered shares of XCF Global Capital from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, August 24th. Wall Street Zen upgraded shares of XCF Global Capital to a “hold” rating in a research note on Saturday, September 26th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, XCF Global Capital has an average rating of “Hold” and a consensus target price of $0.70.

XCF Global Capital Price Performance

XCF Global Capital stock remained flat at $0.12 during mid-day trading on Monday. The company had a trading volume of 6,640,566 shares, compared to its average volume of 14,246,802. The firm’s 50 day moving average is $0.32 and its 200-day moving average is $0.36. The firm has a market cap of $50.87 million, a PE ratio of -0.64 and a beta of -0.19. XCF Global Capital has a fifty-two week low of $0.12 and a fifty-two week high of $1.27.

XCF Global Capital (NASDAQ:SAFX) last released its earnings results on Monday, August 17th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. XCF Global Capital had a negative net margin of 397.43% and a negative return on equity of 230.36%. The company had revenue of $0.69 million for the quarter. Research analysts forecast that XCF Global Capital will post -0.17 earnings per share for the current year.

Institutional Trading of XCF Global Capital

An institutional investor recently bought a new position in XCF Global Capital stock. Simplify Asset Management Inc. purchased a new position in XCF Global Capital, Inc. (NASDAQ:SAFX) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 188,857 shares of the company’s stock, valued at approximately $69,000. Simplify Asset Management Inc. owned about 0.07% of XCF Global Capital as of its most recent SEC filing. Hedge funds and other institutional investors own 52.34% of the company’s stock.

About XCF Global Capital

XCF Global Capital Inc is a sustainable aviation fuel company focused on developing technologies and production facilities for lower-carbon aviation fuels. The company’s business centers on producing synthetic sustainable aviation fuel using renewable energy and recycled carbon-based feedstocks, with the goal of helping airlines reduce the emissions associated with conventional jet fuel.

XCF Global’s approach is based on power-to-liquid fuel production, which combines renewable electricity, hydrogen and captured carbon to create liquid hydrocarbon fuels.