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

CO2 Energy Transition Corp. (NASDAQ:NOEMU) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 2 shares, a decline of 85.7% from the October 15th total of 14 shares. Based on an average daily volume of 692 shares, the days-to-cover ratio is currently 0.0 days.

CO2 Energy Transition Stock Performance

Shares of NOEMU traded down $0.17 during midday trading on Thursday, hitting $10.71. 679 shares of the company’s stock traded hands, compared to its average volume of 2,759. CO2 Energy Transition has a 1 year low of $10.56 and a 1 year high of $17.00. The firm’s fifty day moving average is $11.44 and its 200-day moving average is $11.25.

Institutional Inflows and Outflows

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

About CO2 Energy Transition

CO2 Energy Transition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, or similar business combination. Its stated focus is on opportunities related to the energy transition. The company does not operate an energy business or currently offer products or services. Its activities center on identifying and evaluating a potential combination with an operating company. Because CO2 Energy Transition has not completed a business combination, it does not have established operating markets or customer geographies to describe.