CO2 Energy Transition Corp. (NASDAQ:NOEM) Sees Large Increase in Short Interest

CO2 Energy Transition Corp. (NASDAQ:NOEM) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,740 shares, a growth of 142.0% from the May 31st total of 719 shares. Based on an average daily volume of 384 shares, the short-interest ratio is currently 4.5 days. Currently, 0.0% of the shares of the stock are short sold.

CO2 Energy Transition Stock Performance

Shares of CO2 Energy Transition stock traded up $0.02 during midday trading on Monday, hitting $10.44. 220 shares of the company traded hands, compared to its average volume of 7,346. The stock has a market cap of $100.13 million, a price-to-earnings ratio of 65.26 and a beta of 0.01. The firm’s fifty day moving average price is $10.42 and its 200-day moving average price is $10.38. CO2 Energy Transition has a 12 month low of $10.07 and a 12 month high of $10.50.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On CO2 Energy Transition

Hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC increased its holdings in CO2 Energy Transition by 11.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock worth $151,000 after purchasing an additional 1,578 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of CO2 Energy Transition by 11.7% during the fourth quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock valued at $294,000 after purchasing an additional 3,000 shares in the last quarter. Clear Street Group Inc. grew its holdings in shares of CO2 Energy Transition by 96.5% during the fourth quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock worth $218,000 after purchasing an additional 10,381 shares during the last quarter. Wolverine Asset Management LLC increased its stake in shares of CO2 Energy Transition by 30.9% in the fourth quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock valued at $749,000 after buying an additional 17,196 shares during the period. Finally, Radcliffe Capital Management L.P. bought a new position in CO2 Energy Transition in the 3rd quarter valued at approximately $308,000.

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.