Verde Clean Fuels, Inc. (NASDAQ: VGAS - Get Free Report) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 140,750 shares, a growth of 32.3% from the February 12th total of 106,403 shares. Currently, 0.3% of the shares of the stock are short sold.
Verde Clean Fuels is expanding its low-pollution gasoline production model using various raw materials. Diamondback invested $50 million in VGAS for a joint venture in the Permian. This joint venture could be replicated in other basins where flaring is common due to limited midstream infrastructure.