Fervo Energy Company (NASDAQ:FRVO) Sees Large Growth in Short Interest

Fervo Energy Company (NASDAQ:FRVO) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 2,826,230 shares, an increase of ? from the April 30th total of 0 shares. Based on an average daily volume of 4,738,233 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. HC Wainwright reaffirmed a “buy” rating on shares of Fervo Energy in a research note on Wednesday, May 27th. Jefferies Financial Group assumed coverage on shares of Fervo Energy in a research note on Wednesday, May 27th. They set a “hold” rating and a $42.00 price objective for the company. Finally, Wall Street Zen raised shares of Fervo Energy to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.00.

Fervo Energy Stock Performance

Fervo Energy stock traded up $1.22 during midday trading on Wednesday, hitting $38.85. 1,266,729 shares of the company’s stock were exchanged, compared to its average volume of 4,607,590. Fervo Energy has a 52-week low of $34.27 and a 52-week high of $42.65.