Activate Energy Acquisition Corp. (NASDAQ:AEAQ) Shares Shorted: Short Interest Down 40.3% in September

Activate Energy Acquisition Corp. (NASDAQ:AEAQ) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 806 shares, a drop of 40.3% from the September 15th total of 1,351 shares. Based on an average daily trading volume, of 32,228 shares, the short-interest ratio is currently 0.0 days.

Activate Energy Acquisition Stock Up 0.2%

Shares of NASDAQ AEAQ opened at $10.10 on Thursday. The firm’s 50 day simple moving average is $10.08 and its 200-day simple moving average is $10.01. Activate Energy Acquisition has a 12 month low of $9.78 and a 12 month high of $10.10.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Activate Energy Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Activate Energy Acquisition stock. BlueCrest Capital Management Ltd bought a new position in shares of Activate Energy Acquisition Corp. (NASDAQ:AEAQ) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 500,000 shares of the company’s stock, valued at approximately $5,000,000.

About Activate Energy Acquisition

Activate Energy Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and combine with a business operating in the energy, energy-transition, sustainability or related infrastructure sectors. Unlike an operating company, it was established primarily to raise capital through a public offering and pursue a merger, acquisition, stock exchange or similar business combination.

The company’s stated focus includes businesses involved in the development, deployment or enabling of technologies and services related to the energy transition and decarbonization.