CO2 Energy Transition Corp. (NASDAQ:NOEM – Get Free Report) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 693 shares, a decline of 62.2% from the July 15th total of 1,833 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 4,064 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Investors Weigh In On CO2 Energy Transition
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NOEM. Sona Asset Management US LLC bought a new position in CO2 Energy Transition during the first quarter worth about $2,613,000. Toronto Dominion Bank raised its position in shares of CO2 Energy Transition by 59.1% in the fourth quarter. Toronto Dominion Bank now owns 511,082 shares of the company’s stock valued at $5,259,000 after purchasing an additional 189,784 shares during the period. L1 Global Manager Pty Ltd bought a new stake in shares of CO2 Energy Transition in the fourth quarter valued at approximately $1,441,000. Wolverine Asset Management LLC lifted its stake in shares of CO2 Energy Transition by 30.9% during the 4th quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock valued at $749,000 after buying an additional 17,196 shares in the last quarter. Finally, Clear Street Group Inc. lifted 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 valued at $218,000 after buying an additional 10,381 shares in the last quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of CO2 Energy Transition from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, CO2 Energy Transition presently has an average rating of “Sell”.
CO2 Energy Transition Stock Performance
NASDAQ NOEM traded up $0.12 on Friday, hitting $10.81. 1,189 shares of the stock traded hands, compared to its average volume of 9,105. The business’s fifty day moving average is $10.69 and its two-hundred day moving average is $10.49. CO2 Energy Transition has a 12 month low of $10.08 and a 12 month high of $12.62. The firm has a market capitalization of $103.67 million, a price-to-earnings ratio of 72.10 and a beta of -0.05.
CO2 Energy Transition (NASDAQ:NOEM – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter.
About CO2 Energy Transition
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.
Featured Stories
- Five stocks we like better than CO2 Energy Transition
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
Receive News & Ratings for CO2 Energy Transition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CO2 Energy Transition and related companies with MarketBeat.com's FREE daily email newsletter.
