CO2 Energy Transition Corp. (NASDAQ:NOEMU) Shares Shorted: Short Interest Down 39.1% in October

CO2 Energy Transition Corp. (NASDAQ:NOEMU) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 14 shares, a decline of 39.1% from the September 30th total of 23 shares. Based on an average daily volume of 2,961 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On CO2 Energy Transition

An institutional investor recently bought a new position in CO2 Energy Transition stock. PenderFund Capital Management Ltd. purchased a new position in CO2 Energy Transition Corp. (NASDAQ:NOEMU) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 35,600 shares of the company’s stock, valued at approximately $376,000.

CO2 Energy Transition Price Performance

Shares of CO2 Energy Transition stock traded down $0.12 during trading hours on Tuesday, hitting $10.75. 679 shares of the company were exchanged, 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 business has a 50-day moving average of $11.57 and a 200-day moving average of $11.26.

About CO2 Energy Transition

CO2 Energy Transition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company operating in the energy-transition sector.

The company’s investment focus is expected to include businesses involved in decarbonization, clean energy, emissions reduction, sustainable infrastructure and related technologies or services. As a SPAC, it does not operate a conventional product or service business of its own before completing a merger or similar transaction.

Public information about CO2 Energy Transition Corp.’s operating history, geographic reach and leadership is limited.