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

CO2 Energy Transition Corp. (NASDAQ:NOEM) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 693 shares, a decline of 62.2% from the July 15th total of 1,833 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,064 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On CO2 Energy Transition

Several large investors have recently added to or reduced their stakes in NOEM. Flow Traders U.S. LLC increased its holdings in CO2 Energy Transition by 11.9% in 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 in the last quarter. Clear Street Group Inc. grew its position in shares of CO2 Energy Transition by 96.5% during the 4th quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock worth $218,000 after buying an additional 10,381 shares during the period. Wolverine Asset Management LLC increased 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 acquiring an additional 17,196 shares in the last quarter. L1 Global Manager Pty Ltd acquired a new position in shares of CO2 Energy Transition during the 4th quarter valued at $1,441,000. Finally, Sona Asset Management US LLC bought a new position in CO2 Energy Transition during the first quarter worth $2,613,000.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of CO2 Energy Transition from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

CO2 Energy Transition Stock Up 1.2%

NOEM opened at $10.81 on Friday. CO2 Energy Transition has a twelve month low of $10.08 and a twelve month high of $12.62. The company has a fifty day moving average of $10.68 and a 200-day moving average of $10.49. The stock has a market cap of $103.72 million, a PE ratio of 67.60 and a beta of -0.05.

CO2 Energy Transition (NASDAQ:NOEM) last released its earnings results on Thursday, August 13th. The company reported $0.03 earnings per share (EPS) for the quarter.

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.