CO2 Energy Transition Corp. (NASDAQ:NOEM) Short Interest Down 16.5% in January

CO2 Energy Transition Corp. (NASDAQ:NOEM) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 15,418 shares, a decline of 16.5% from the January 15th total of 18,473 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,670 shares, the days-to-cover ratio is presently 9.2 days. Based on an average daily trading volume, of 1,670 shares, the days-to-cover ratio is presently 9.2 days. Currently, 0.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

CO2 Energy Transition Stock Performance

NASDAQ:NOEM traded down $0.01 during mid-day trading on Tuesday, hitting $10.33. 568 shares of the company’s stock traded hands, compared to its average volume of 14,444. CO2 Energy Transition has a 1 year low of $9.84 and a 1 year high of $10.50. The company has a market cap of $99.06 million and a PE ratio of 114.78. The firm’s 50 day simple moving average is $10.34 and its 200 day simple moving average is $10.24.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Clear Street Group Inc. purchased a new position in CO2 Energy Transition in the 3rd quarter valued at about $110,000. Clear Street LLC acquired a new position in CO2 Energy Transition in the 2nd quarter valued at $108,000. Wolverine Asset Management LLC purchased a new position in shares of CO2 Energy Transition during the 2nd quarter worth $141,000. Flow Traders U.S. LLC boosted its holdings in shares of CO2 Energy Transition by 11.9% during the third quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock worth $151,000 after purchasing an additional 1,578 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in CO2 Energy Transition by 11.7% in the 4th quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock worth $294,000 after buying an additional 3,000 shares during the last quarter.

CO2 Energy Transition Company Profile

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.