Energy Transition Special Opportunities (NYSE:ETSS) Stock Short Interest Falls 38.1%

Energy Transition Special Opportunities (NYSE:ETSS) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,140 shares, a decline of 38.1% from the August 31st total of 3,455 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 115,393 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on Energy Transition Special Opportunities in a research report on Friday, August 28th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Energy Transition Special Opportunities presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Energy Transition Special Opportunities stock. DMC Group LLC purchased a new position in shares of Energy Transition Special Opportunities (NYSE:ETSS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 29,000 shares of the company’s stock, valued at approximately $488,000. DMC Group LLC owned approximately 0.19% of Energy Transition Special Opportunities at the end of the most recent reporting period.

Energy Transition Special Opportunities Price Performance

ETSS stock traded up $0.01 during trading on Thursday, reaching $9.96. 97,661 shares of the stock were exchanged, compared to its average volume of 51,718. The stock has a 50 day simple moving average of $9.92. Energy Transition Special Opportunities has a 1 year low of $9.77 and a 1 year high of $10.00.

About Energy Transition Special Opportunities

Energy Transition Special Opportunities Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with a company operating in the energy transition sector.

As a SPAC, the company does not operate a conventional business or offer its own products and services. Its activities primarily involve identifying a potential merger, acquisition or similar transaction with a target business.

Publicly available information about the company’s specific target, operating geographies and leadership is limited.