CO2 Energy Transition Corp. (NASDAQ:NOEM – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 109 shares, a decrease of 70.9% from the August 15th total of 375 shares. Based on an average daily volume of 180 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are sold short.
CO2 Energy Transition Stock Performance
Shares of NASDAQ:NOEM traded down $0.05 on Friday, hitting $10.64. 115 shares of the company were exchanged, compared to its average volume of 126. The company’s 50 day moving average price is $10.83 and its two-hundred day moving average price is $10.55. The firm has a market capitalization of $39.55 million, a price-to-earnings ratio of 70.94 and a beta of -0.11. CO2 Energy Transition has a one year low of $10.14 and a one year high of $12.62.
CO2 Energy Transition (NASDAQ:NOEM – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.03 earnings per share for the quarter.
Wall Street Analyst Weigh In
Institutional Trading of CO2 Energy Transition
A number of institutional investors and hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC raised its stake in shares of CO2 Energy Transition by 11.9% in the third quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock valued at $151,000 after purchasing an additional 1,578 shares in the last quarter. Clear Street Group Inc. increased its holdings in CO2 Energy Transition by 96.5% in the 4th 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 period. L1 Global Manager Pty Ltd acquired a new position in shares of CO2 Energy Transition in the 4th quarter valued at $1,441,000. Sona Asset Management US LLC acquired a new position in shares of CO2 Energy Transition in the 1st quarter valued at $2,613,000. Finally, Toronto Dominion Bank lifted its holdings 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 worth $5,259,000 after acquiring an additional 189,784 shares during the period.
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.
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