CO2 Energy Transition Corp. (NASDAQ:NOEMU) Sees Significant Drop in Short Interest

CO2 Energy Transition Corp. (NASDAQ:NOEMU) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 14 shares, a decrease of 39.1% from the September 30th total of 23 shares. Based on an average trading volume of 2,961 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of CO2 Energy Transition

An institutional investor recently bought a new stake in CO2 Energy Transition stock. PenderFund Capital Management Ltd. bought a new stake in shares of CO2 Energy Transition Corp. (NASDAQ:NOEMU) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 35,600 shares of the company’s stock, valued at approximately $376,000.

CO2 Energy Transition Price Performance

CO2 Energy Transition stock opened at $12.23 on Friday. CO2 Energy Transition has a fifty-two week low of $10.56 and a fifty-two week high of $17.00. The stock has a fifty day moving average of $11.59 and a two-hundred day moving average of $11.26.

About CO2 Energy Transition

CO2 Energy Transition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company operating in the energy-transition sector.

The company’s investment focus is expected to include businesses involved in decarbonization, clean energy, emissions reduction, sustainable infrastructure and related technologies or services. As a SPAC, it does not operate a conventional product or service business of its own before completing a merger or similar transaction.

Public information about CO2 Energy Transition Corp.’s operating history, geographic reach and leadership is limited.