CO2 Energy Transition Corp. (NASDAQ:NOEM) Short Interest Down 70.9% in August

CO2 Energy Transition Corp. (NASDAQ:NOEM) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 109 shares, a decrease of 70.9% from the August 15th total of 375 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 180 shares, the days-to-cover ratio is currently 0.6 days.

CO2 Energy Transition Trading Down 0.5%

NASDAQ:NOEM traded down $0.05 during trading hours on Monday, reaching $10.64. 115 shares of the company were exchanged, compared to its average volume of 125. The firm has a market cap of $39.58 million, a PE ratio of 70.94 and a beta of -0.11. CO2 Energy Transition has a twelve month low of $10.14 and a twelve month high of $12.62. The stock’s 50-day moving average is $10.83 and its 200-day moving average is $10.55.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of CO2 Energy Transition from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, CO2 Energy Transition presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sona Asset Management US LLC purchased a new position in shares of CO2 Energy Transition in the first quarter worth about $2,613,000. L1 Global Manager Pty Ltd purchased a new stake in CO2 Energy Transition during the 4th quarter valued at about $1,441,000. Finally, Clear Street Group Inc. raised its holdings in CO2 Energy Transition by 96.5% in the 4th quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock valued at $218,000 after acquiring an additional 10,381 shares during the last 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.