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

CO2 Energy Transition Corp. (NASDAQ:NOEM) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,740 shares, an increase of 142.0% from the May 31st total of 719 shares. Based on an average daily volume of 384 shares, the short-interest ratio is currently 4.5 days. Currently, 0.0% of the company’s stock are short sold.

CO2 Energy Transition Price Performance

Shares of NASDAQ NOEM remained flat at $10.44 during midday trading on Wednesday. The stock had a trading volume of 1,014 shares, compared to its average volume of 7,122. CO2 Energy Transition has a twelve month low of $10.08 and a twelve month high of $10.50. The stock’s 50-day moving average price is $10.42 and its two-hundred day moving average price is $10.38. The company has a market capitalization of $100.12 million, a PE ratio of 65.25 and a beta of 0.01.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of CO2 Energy Transition in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On CO2 Energy Transition

Hedge funds have recently bought and sold shares of the business. Sona Asset Management US LLC acquired a new position in CO2 Energy Transition in the 1st quarter valued at approximately $2,613,000. Toronto Dominion Bank boosted its stake in shares of CO2 Energy Transition by 59.1% during the 4th quarter. Toronto Dominion Bank now owns 511,082 shares of the company’s stock valued at $5,259,000 after buying an additional 189,784 shares during the period. Clear Street Group Inc. grew its holdings 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 acquiring an additional 10,381 shares in the last quarter. L1 Global Manager Pty Ltd acquired a new position in shares of CO2 Energy Transition in the fourth quarter worth $1,441,000. Finally, Wolverine Asset Management LLC increased its stake in shares of CO2 Energy Transition by 30.9% in 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 during the last quarter.

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.