CO2 Energy Transition Corp. (NASDAQ:NOEM – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,740 shares, a growth of 142.0% from the May 31st total of 719 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 384 shares, the days-to-cover ratio is currently 4.5 days.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in NOEM. Clear Street Group Inc. purchased a new position in CO2 Energy Transition during the third quarter valued at $110,000. Flow Traders U.S. LLC increased its stake in shares of CO2 Energy Transition by 11.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock worth $151,000 after acquiring an additional 1,578 shares in the last quarter. Dakota Wealth Management lifted its position in CO2 Energy Transition by 11.7% during the 4th quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock valued at $294,000 after acquiring an additional 3,000 shares during the period. Radcliffe Capital Management L.P. bought a new stake in CO2 Energy Transition during the third quarter worth about $308,000. Finally, Wolverine Asset Management LLC boosted its stake in CO2 Energy Transition by 30.9% during the fourth quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock worth $749,000 after acquiring an additional 17,196 shares in the last quarter.
CO2 Energy Transition Stock Up 0.1%
Shares of NASDAQ:NOEM traded up $0.01 on Tuesday, hitting $10.44. The company had a trading volume of 1,014 shares, compared to its average volume of 7,286. The firm’s 50-day simple moving average is $10.42 and its two-hundred day simple moving average is $10.38. The firm has a market capitalization of $100.08 million, a price-to-earnings ratio of 65.25 and a beta of 0.01. CO2 Energy Transition has a 1 year low of $10.08 and a 1 year high of $10.50.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (d)” rating on shares of CO2 Energy Transition in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.
View Our Latest Report on NOEM
CO2 Energy Transition Company Profile
CO2 Energy Transition, Inc is a special purpose acquisition company organized under the laws of the State of Delaware. Listed on the NASDAQ under the ticker symbol NOEM, the company’s mission is to identify, acquire, and merge with one or more businesses operating in the climate technology and energy transition sectors. By targeting companies at the forefront of decarbonization, CO2 Energy Transition seeks to position itself as a strategic partner in the development and commercialization of solutions that reduce greenhouse gas emissions.
Although the company has not yet announced a definitive business combination, its investment mandate encompasses a broad range of activities within the clean energy ecosystem.
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