Trading was light with 9,460 shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 85.74% under the normal average daily volume.
Traders are feeling more bearish on shares of the company recently if you watch the motion in short interest. The company realized a rise in short interest of 7.70% between September 29, 2017 and October 13, 2017. Short shares grew from 923,207 to 994,321 over that timeframe. Days to cover increased 28.0 to 45.0 and the short interest percentage is 0.03% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (VTNR). Segment Wealth Management, LLC divested its stake by selling 500 shares a decrease of 0.1% from 06/30/2017 to 09/30/2017. Segment Wealth Management, LLC owns 505,320 shares valued at $384,000. The value of the position overall is down by 29.0%. Redmond Asset Management, LLC trimmed its investment by shedding 350,388 shares a decrease of 49.8% in the quarter. Redmond Asset Management, LLC currently owns 352,789 shares with a value of $268,000. The total value of its holdings decreased 64.4%.
Wells Fargo & Company/mn bolstered its holdings by buying 95 shares an increase of 1,900.0%. Wells Fargo & Company/mn now holds 100 shares worth $0. The value of the position overall is down by nan%. As of the end of the quarter Stifel Financial Corp had disposed of 6,516 shares trimming its stake by 10.7%. The value in dollars went from $65,000 to $43,000 a change of 33.8% for the reporting period.
On August 23, 2017 Roth Capital issued a report on VTNR stating a rating of “Hold” and a price target of $1.00.
The company is so far trading down from yesterday’s close of 0.93. The company currently has a P/E ratio of N/A and the market cap of the company is 29.71M. In the last earnings report the EPS was $-0.51 with 32.66M shares currently outstanding.
Vertex Energy, Inc., launched on May 14, 2008, is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Business’s segments include the Black Oil, Refining and Marketing, and Recovery divisions. The Business’s product categories include Used Motor Oil, Fuel Oil, pyrolysis gasoline (Pygas), Gasoline Blendstock and Base Oil. The Company provides its services in over 10 states, primarily in the Gulf Coast and Central Midwest regions of the United States. As of December 31, 2015, the Company aggregated approximately 120 million gallons of used motor oil and other petroleum by-product feedstocks, and managed the re-refining of over 70 million gallons of used motor oil with its Thermal Chemical Extraction Process (TCEP), Vacuum Gas Oil (VGO) and Base Oil processes..