CO2 Energy Transition Corp. (NASDAQ:NOEMU) Short Interest Update

CO2 Energy Transition Corp. (NASDAQ:NOEMU) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 231 shares. Based on an average trading volume of 270 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On CO2 Energy Transition

A hedge fund recently bought a new stake in CO2 Energy Transition stock. PenderFund Capital Management Ltd. bought a new position in shares of CO2 Energy Transition Corp. (NASDAQ:NOEMU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,600 shares of the company’s stock, valued at approximately $376,000.

CO2 Energy Transition Trading Down 11.0%

Shares of CO2 Energy Transition stock traded down $1.38 on Tuesday, hitting $11.12. CO2 Energy Transition has a 12-month low of $10.56 and a 12-month high of $12.65. The stock has a 50-day moving average of $11.58 and a two-hundred day moving average of $11.26.

CO2 Energy Transition Company Profile

CO2 Energy Transition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more businesses. Its publicly traded units are listed under the symbol NOEMU on the Nasdaq.

The company has indicated that it intends to focus on opportunities related to the energy transition, including businesses involved in decarbonization, renewable energy, energy efficiency, clean technology and related infrastructure.