CO2 Energy Transition Corp. (NASDAQ:NOEM) Short Interest Update

CO2 Energy Transition Corp. (NASDAQ:NOEM) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,740 shares, a growth of 142.0% from the May 31st total of 719 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 384 shares, the short-interest ratio is currently 4.5 days.

Hedge Funds Weigh In On CO2 Energy Transition

A number of hedge funds have recently bought and sold shares of NOEM. Sona Asset Management US LLC acquired a new position in CO2 Energy Transition in the first quarter valued at $2,613,000. Toronto Dominion Bank grew its holdings in CO2 Energy Transition by 59.1% during the 4th quarter. Toronto Dominion Bank now owns 511,082 shares of the company’s stock worth $5,259,000 after acquiring an additional 189,784 shares during the period. Clear Street Group Inc. raised its position in shares of CO2 Energy Transition by 96.5% in the 4th quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock worth $218,000 after acquiring an additional 10,381 shares in the last quarter. L1 Global Manager Pty Ltd bought a new position in shares of CO2 Energy Transition in the 4th quarter worth about $1,441,000. Finally, Wolverine Asset Management LLC lifted its stake in shares of CO2 Energy Transition by 30.9% in the 4th quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock valued at $749,000 after purchasing an additional 17,196 shares during the period.

CO2 Energy Transition Trading Up 0.2%

NOEM stock traded up $0.02 during trading on Monday, hitting $10.44. The company had a trading volume of 220 shares, compared to its average volume of 7,346. The stock has a market cap of $100.13 million, a PE ratio of 65.26 and a beta of 0.01. The business has a 50-day moving average of $10.42 and a 200-day moving average of $10.38. CO2 Energy Transition has a one year low of $10.07 and a one year high of $10.50.

CO2 Energy Transition (NASDAQ:NOEM) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of CO2 Energy Transition in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, CO2 Energy Transition 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.