CO2 Energy Transition Corp. (NASDAQ:NOEM) Short Interest Update

CO2 Energy Transition Corp. (NASDAQ:NOEM – Get Free Report) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 63 shares, a drop of 42.2% from the August 31st total of 109 shares. Based on an average trading volume of 68 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the company’s stock are sold short.

CO2 Energy Transition Price Performance

NOEM traded up $0.03 during trading on Wednesday, reaching $10.61. 259 shares of the company’s stock were exchanged, compared to its average volume of 58. CO2 Energy Transition has a 1 year low of $10.15 and a 1 year high of $12.62. The company’s fifty day simple moving average is $10.85 and its 200-day simple moving average is $10.57. The stock has a market capitalization of $39.47 million, a P/E ratio of 70.74 and a beta of -0.11.

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

Hedge Funds Weigh In On CO2 Energy Transition

Several institutional investors and hedge funds have recently modified their holdings of NOEM. Sona Asset Management US LLC acquired a new stake in CO2 Energy Transition during the first quarter worth about $2,613,000. L1 Global Manager Pty Ltd acquired a new position in CO2 Energy Transition in the fourth quarter valued at approximately $1,441,000. Finally, Clear Street Group Inc. grew its stake in shares of CO2 Energy Transition by 96.5% during the 4th quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock worth $218,000 after purchasing an additional 10,381 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut CO2 Energy Transition from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on CO2 Energy Transition

CO2 Energy Transition Company Profile

(Get Free Report)

CO2 Energy Transition Corp. is a special purpose acquisition company (SPAC) formed to identify and acquire, merge with, or otherwise combine with a business operating in the energy transition sector.

The company does not appear to operate as a traditional commercial enterprise with its own products or services. Instead, its stated focus is on pursuing a business combination with a company involved in areas related to decarbonization, clean energy, or other technologies supporting the transition to lower-carbon energy systems.

As a publicly traded acquisition vehicle, CO2 Energy Transition Corp.’s activities are primarily centered on evaluating potential targets and completing a qualifying transaction.

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