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

CO2 Energy Transition Corp. (NASDAQ:NOEM) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 15,418 shares, a drop of 16.5% from the January 15th total of 18,473 shares. Based on an average daily volume of 1,670 shares, the short-interest ratio is presently 9.2 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,670 shares, the short-interest ratio is presently 9.2 days.

Institutional Investors Weigh In On CO2 Energy Transition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clear Street Group Inc. purchased a new position in CO2 Energy Transition in the 3rd quarter worth $110,000. Clear Street LLC purchased a new stake in CO2 Energy Transition during the 2nd quarter valued at about $108,000. Wolverine Asset Management LLC bought a new position in shares of CO2 Energy Transition during the second quarter valued at $141,000. Flow Traders U.S. LLC grew its position in CO2 Energy Transition by 11.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock worth $151,000 after purchasing an additional 1,578 shares during the period. Finally, Dakota Wealth Management lifted its stake in shares of CO2 Energy Transition by 11.7% in the 4th quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock worth $294,000 after purchasing an additional 3,000 shares during the period.

CO2 Energy Transition Stock Performance

Shares of NOEM stock remained flat at $10.34 during mid-day trading on Monday. The stock had a trading volume of 87 shares, compared to its average volume of 14,444. The company has a market cap of $99.16 million and a P/E ratio of 114.89. CO2 Energy Transition has a 1 year low of $9.84 and a 1 year high of $10.50. The stock’s 50 day simple moving average is $10.34 and its two-hundred day simple moving average is $10.23.

CO2 Energy Transition (NASDAQ:NOEM) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CO2 Energy Transition in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

CO2 Energy Transition Company Profile

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.