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

CO2 Energy Transition Corp. (NASDAQ:NOEM) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 8,747 shares, a decrease of 29.2% from the February 12th total of 12,356 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 3,087 shares, the short-interest ratio is presently 2.8 days. Based on an average daily trading volume, of 3,087 shares, the short-interest ratio is presently 2.8 days. Currently, 0.1% of the company’s stock are sold short.

CO2 Energy Transition Stock Performance

NOEM traded up $0.03 during trading on Monday, reaching $10.39. 103 shares of the stock were exchanged, compared to its average volume of 8,586. The stock has a market cap of $99.64 million, a P/E ratio of 115.44 and a beta of 0.01. CO2 Energy Transition has a twelve month low of $9.86 and a twelve month high of $10.50. The stock’s 50 day moving average price is $10.35 and its two-hundred day moving average price is $10.27.

CO2 Energy Transition (NASDAQ:NOEM) last posted its quarterly earnings results on Friday, March 13th. The company reported $0.04 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On CO2 Energy Transition

Several hedge funds have recently bought and sold shares of NOEM. Toronto Dominion Bank increased its position in CO2 Energy Transition by 59.1% during the fourth quarter. Toronto Dominion Bank now owns 511,082 shares of the company’s stock worth $5,259,000 after buying an additional 189,784 shares during the last quarter. 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 buying an additional 10,381 shares during the last quarter. L1 Global Manager Pty Ltd acquired a new stake in shares of CO2 Energy Transition in the fourth quarter valued at approximately $1,441,000. Wolverine Asset Management LLC boosted its stake 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 worth $749,000 after acquiring an additional 17,196 shares during the period. Finally, Dakota Wealth Management boosted its stake 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 worth $294,000 after acquiring an additional 3,000 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CO2 Energy Transition in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CO2 Energy Transition has an average rating of “Sell”.

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.