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

CO2 Energy Transition Corp. (NASDAQ:NOEM) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 12,356 shares, a decrease of 19.9% from the January 29th total of 15,418 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 27,827 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 27,827 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

CO2 Energy Transition Price Performance

CO2 Energy Transition stock opened at $10.37 on Thursday. CO2 Energy Transition has a 12-month low of $9.85 and a 12-month high of $10.50. The firm’s 50-day moving average is $10.34 and its two-hundred day moving average is $10.26. The stock has a market capitalization of $99.45 million, a P/E ratio of 115.22 and a beta of 0.01.

Institutional Investors Weigh In On CO2 Energy Transition

A number of institutional investors have recently bought and sold shares of NOEM. Wolverine Asset Management LLC purchased a new stake in CO2 Energy Transition during the second quarter valued at about $141,000. Clear Street LLC purchased a new stake in CO2 Energy Transition during the 2nd quarter worth approximately $108,000. Karpus Management Inc. increased its stake in shares of CO2 Energy Transition by 8.6% in the second quarter. Karpus Management Inc. now owns 783,521 shares of the company’s stock worth $7,890,000 after buying an additional 62,275 shares during the last quarter. Radcliffe Capital Management L.P. acquired a new stake in shares of CO2 Energy Transition in the 3rd quarter valued at about $308,000. Finally, Clear Street Group Inc. acquired a new stake in CO2 Energy Transition during the third quarter valued at approximately $110,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CO2 Energy Transition in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CO2 Energy Transition presently has a consensus rating of “Sell”.

About CO2 Energy Transition

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.