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

CO2 Energy Transition Corp. (NASDAQ:NOEM) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 719 shares, a decline 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 days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

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

Institutional Trading of CO2 Energy Transition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sona Asset Management US LLC acquired a new position in CO2 Energy Transition during the 1st quarter worth approximately $2,613,000. Toronto Dominion Bank raised its position in shares of CO2 Energy Transition by 59.1% in the 4th quarter. Toronto Dominion Bank now owns 511,082 shares of the company’s stock valued at $5,259,000 after purchasing an additional 189,784 shares in the last quarter. L1 Global Manager Pty Ltd acquired a new position in shares of CO2 Energy Transition in the 4th quarter valued at approximately $1,441,000. Radcliffe Capital Management L.P. acquired a new position in shares of CO2 Energy Transition in the 3rd quarter valued at approximately $308,000. Finally, Wolverine Asset Management LLC raised its position in shares of CO2 Energy Transition by 30.9% in the 4th quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock valued at $749,000 after purchasing an additional 17,196 shares in the last quarter.

CO2 Energy Transition Price Performance

Shares of NOEM traded down $0.01 during mid-day trading on Thursday, reaching $10.40. 389 shares of the company’s stock were exchanged, compared to its average volume of 5,015. The business’s fifty day simple moving average is $10.41 and its 200-day simple moving average is $10.36. CO2 Energy Transition has a 52-week low of $10.04 and a 52-week high of $10.50. The stock has a market capitalization of $99.74 million, a PE ratio of 65.00 and a beta of 0.01.

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