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
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
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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