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

CO2 Energy Transition Corp. (NASDAQ:NOEMU) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 23 shares, a decline of 90.0% from the September 15th total of 231 shares. Based on an average daily trading volume, of 560 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CO2 Energy Transition stock. PenderFund Capital Management Ltd. purchased a new stake in shares of CO2 Energy Transition Corp. (NASDAQ:NOEMU) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 35,600 shares of the company’s stock, valued at approximately $376,000.

CO2 Energy Transition Price Performance

CO2 Energy Transition stock traded down $0.12 during trading hours on Friday, hitting $11.70. 328 shares of the stock were exchanged, compared to its average volume of 3,202. The business’s 50-day moving average is $11.61 and its two-hundred day moving average is $11.27. CO2 Energy Transition has a 12 month low of $10.56 and a 12 month high of $17.00.

About CO2 Energy Transition

CO2 Energy Transition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more businesses. Its publicly traded units are listed under the symbol NOEMU on the Nasdaq.

The company has indicated that it intends to focus on opportunities related to the energy transition, including businesses involved in decarbonization, renewable energy, energy efficiency, clean technology and related infrastructure.