CO2 Energy Transition Corp. (NASDAQ:NOEM) Short Interest Down 29.2% in February

CO2 Energy Transition Corp. (NASDAQ:NOEM) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 8,747 shares, a drop of 29.2% from the February 12th total of 12,356 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,087 shares, the days-to-cover ratio is currently 2.8 days. Based on an average trading volume of 3,087 shares, the days-to-cover ratio is currently 2.8 days. Approximately 0.1% of the company’s stock are short sold.

CO2 Energy Transition Price Performance

Shares of CO2 Energy Transition stock remained flat at $10.36 on Friday. 324 shares of the stock were exchanged, compared to its average volume of 3,630. The stock has a market cap of $99.35 million, a PE ratio of 115.11 and a beta of 0.01. The firm’s 50-day moving average price is $10.35 and its 200 day moving average price is $10.27. CO2 Energy Transition has a 52-week low of $9.86 and a 52-week high of $10.50.

Hedge Funds Weigh In On CO2 Energy Transition

A number of large investors have recently made changes to their positions in the business. Clear Street LLC purchased a new stake in shares of CO2 Energy Transition during the 2nd quarter valued at $108,000. Clear Street Group Inc. purchased a new position in CO2 Energy Transition during the 3rd quarter worth $110,000. Flow Traders U.S. LLC grew its stake in CO2 Energy Transition by 11.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock worth $151,000 after buying an additional 1,578 shares during the last quarter. Dakota Wealth Management increased its position in CO2 Energy Transition by 11.7% during the 4th quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock valued at $294,000 after buying an additional 3,000 shares in the last quarter. Finally, Radcliffe Capital Management L.P. purchased a new stake in CO2 Energy Transition in the third quarter valued at about $308,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of CO2 Energy Transition in a research report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company 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.