CO2 Energy Transition Corp. (NASDAQ:NOEM) Sees Large Decline in Short Interest

CO2 Energy Transition Corp. (NASDAQ:NOEMGet Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 109 shares, a decrease of 70.9% from the August 15th total of 375 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 180 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised CO2 Energy Transition from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Get Our Latest Report on NOEM

CO2 Energy Transition Stock Down 0.5%

Shares of CO2 Energy Transition stock traded down $0.05 on Friday, hitting $10.64. The stock had a trading volume of 115 shares, compared to its average volume of 126. CO2 Energy Transition has a one year low of $10.14 and a one year high of $12.62. The stock has a market cap of $39.58 million, a price-to-earnings ratio of 70.94 and a beta of -0.11. The stock’s 50-day simple moving average is $10.83 and its two-hundred day simple moving average is $10.55.

CO2 Energy Transition (NASDAQ:NOEMGet Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter.

Institutional Trading of CO2 Energy Transition

A number of institutional investors have recently made changes to their positions in NOEM. Flow Traders U.S. LLC grew its stake in shares of CO2 Energy Transition by 11.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock valued at $151,000 after purchasing an additional 1,578 shares during the period. Clear Street Group Inc. raised its position in CO2 Energy Transition by 96.5% in the fourth quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock worth $218,000 after acquiring an additional 10,381 shares during the period. L1 Global Manager Pty Ltd bought a new position in CO2 Energy Transition in the fourth quarter worth approximately $1,441,000. Sona Asset Management US LLC purchased a new position in shares of CO2 Energy Transition during the 1st quarter worth $2,613,000. Finally, Toronto Dominion Bank boosted its stake in shares of CO2 Energy Transition by 59.1% during the 4th quarter. Toronto Dominion Bank now owns 511,082 shares of the company’s stock worth $5,259,000 after acquiring an additional 189,784 shares during the last quarter.

About CO2 Energy Transition

(Get Free Report)

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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