CO2 Energy Transition Corp. (NASDAQ:NOEM) Shares Shorted: Short Interest Down 42.2% in September

by · The Markets Daily

CO2 Energy Transition Corp. (NASDAQ:NOEM – Get Free Report) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 63 shares, a decline of 42.2% from the August 31st total of 109 shares. Based on an average daily trading volume, of 68 shares, the short-interest ratio is currently 0.9 days. Currently, 0.0% of the shares of the company are short sold.

CO2 Energy Transition Stock Performance

CO2 Energy Transition stock traded up $0.03 during trading on Wednesday, reaching $10.61. The company had a trading volume of 259 shares, compared to its average volume of 58. The firm’s 50-day simple moving average is $10.85 and its 200 day simple moving average is $10.57. CO2 Energy Transition has a 1-year low of $10.15 and a 1-year high of $12.62. The firm has a market capitalization of $39.47 million, a PE ratio of 70.74 and a beta of -0.11.

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

Institutional Investors Weigh In On CO2 Energy Transition

Institutional investors have recently bought and sold shares of the company. Sona Asset Management US LLC purchased a new stake in CO2 Energy Transition during the 1st quarter worth approximately $2,613,000. Clear Street Group Inc. lifted its position in shares of CO2 Energy Transition by 96.5% in the fourth 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. Finally, L1 Global Manager Pty Ltd acquired a new stake in shares of CO2 Energy Transition in the fourth quarter worth approximately $1,441,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of CO2 Energy Transition from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CO2 Energy Transition presently has an average rating of “Sell”.

View Our Latest Stock Report on CO2 Energy Transition

CO2 Energy Transition Company Profile

(Get Free Report)

CO2 Energy Transition Corp. is a special purpose acquisition company (SPAC) formed to identify and acquire, merge with, or otherwise combine with a business operating in the energy transition sector.

The company does not appear to operate as a traditional commercial enterprise with its own products or services. Instead, its stated focus is on pursuing a business combination with a company involved in areas related to decarbonization, clean energy, or other technologies supporting the transition to lower-carbon energy systems.

As a publicly traded acquisition vehicle, CO2 Energy Transition Corp.’s activities are primarily centered on evaluating potential targets and completing a qualifying transaction.

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