Short Interest in CO2 Energy Transition Corp. (NASDAQ:NOEM) Declines By 89.7%

by · The Markets Daily

CO2 Energy Transition Corp. (NASDAQ:NOEM – Get Free Report) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 719 shares, a drop of 89.7% from the May 14th total of 6,979 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 9,845 shares, the short-interest ratio is currently 0.1 days.

CO2 Energy Transition Price Performance

Shares of CO2 Energy Transition stock traded down $0.02 during trading on Wednesday, hitting $10.42. 199 shares of the company’s stock traded hands, compared to its average volume of 5,059. The firm’s fifty day moving average price is $10.41 and its 200 day moving average price is $10.36. CO2 Energy Transition has a twelve month low of $10.02 and a twelve month high of $10.50. The company has a market cap of $99.94 million, a PE ratio of 65.14 and a beta of 0.01.

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

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on NOEM

Institutional Trading of CO2 Energy Transition

Institutional investors have recently made changes to their positions in the business. Flow Traders U.S. LLC boosted its position in shares of CO2 Energy Transition by 11.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock valued at $151,000 after acquiring an additional 1,578 shares in the last quarter. Radcliffe Capital Management L.P. acquired a new stake in shares of CO2 Energy Transition during the 3rd quarter valued at about $308,000. Clear Street Group Inc. acquired a new stake in shares of CO2 Energy Transition during the 3rd quarter valued at about $110,000. Dakota Wealth Management boosted its position in shares of CO2 Energy Transition by 11.7% during the 4th quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock valued at $294,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its position 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 acquiring an additional 17,196 shares in the last quarter.

CO2 Energy Transition Company Profile

(Get Free Report)

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.

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