Short Interest in CO2 Energy Transition Corp. (NASDAQ:NOEM) Declines By 89.7%

CO2 Energy Transition Corp. (NASDAQ:NOEM – Get Free Report) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 719 shares, a decline of 89.7% from the May 14th total of 6,979 shares. Based on an average daily trading volume, of 9,845 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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CO2 Energy Transition Stock Performance

Shares of NASDAQ NOEM traded down $0.02 during midday trading on Tuesday, hitting $10.42. 199 shares of the company traded hands, compared to its average volume of 5,059. CO2 Energy Transition has a 12-month low of $10.02 and a 12-month high of $10.50. The stock has a 50-day moving average price of $10.41 and a 200 day moving average price of $10.36. The firm has a market cap of $99.93 million, a P/E ratio of 65.13 and a beta of 0.01.

CO2 Energy Transition (NASDAQ:NOEM – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On CO2 Energy Transition

Several hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank boosted its stake in CO2 Energy Transition by 59.1% during the fourth 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 in the last quarter. Sona Asset Management US LLC bought a new stake in CO2 Energy Transition during the first quarter worth about $2,613,000. L1 Global Manager Pty Ltd bought a new stake in CO2 Energy Transition during the fourth quarter worth about $1,441,000. 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. Finally, Radcliffe Capital Management L.P. bought a new stake in CO2 Energy Transition during the third quarter worth about $308,000.

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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