AltEnergy Acquisition Corp. (NASDAQ:AEAE) Short Interest Down 80.0% in August

AltEnergy Acquisition Corp. (NASDAQ:AEAE) was the recipient of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 100 shares, a decline of 80.0% from the July 31st total of 500 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 0.1 days.

AltEnergy Acquisition Price Performance

The company’s fifty day moving average is $11.67 and its 200-day moving average is $11.40. AltEnergy Acquisition has a 52 week low of $10.44 and a 52 week high of $12.64.

Institutional Investors Weigh In On AltEnergy Acquisition

A hedge fund recently raised its stake in AltEnergy Acquisition stock. Robinson Capital Management LLC increased its stake in shares of AltEnergy Acquisition Corp. (NASDAQ:AEAE) by 48.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,959 shares of the company’s stock after purchasing an additional 17,508 shares during the period. Robinson Capital Management LLC owned 0.74% of AltEnergy Acquisition worth $588,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 19.97% of the company’s stock.

AltEnergy Acquisition Company Profile

AltEnergy Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. AltEnergy Acquisition Corp. was incorporated in 2021 and is based in New York, New York.