Activate Energy Acquisition Corp. (NASDAQ:AEAQ) Sees Large Drop in Short Interest

Activate Energy Acquisition Corp. (NASDAQ:AEAQ – Get Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 806 shares, a decrease of 40.3% from the September 15th total of 1,351 shares. Based on an average daily volume of 32,228 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Activate Energy Acquisition

An institutional investor recently bought a new stake in Activate Energy Acquisition stock. BlueCrest Capital Management Ltd bought a new position in shares of Activate Energy Acquisition Corp. (NASDAQ:AEAQ – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 500,000 shares of the company’s stock, valued at approximately $5,000,000.

Activate Energy Acquisition Price Performance

Activate Energy Acquisition stock opened at $10.10 on Thursday. The company’s fifty day moving average price is $10.08 and its 200 day moving average price is $10.01. Activate Energy Acquisition has a 1 year low of $9.78 and a 1 year high of $10.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Activate Energy Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

View Our Latest Stock Report on Activate Energy Acquisition

About Activate Energy Acquisition

(Get Free Report)

Activate Energy Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and combine with a business operating in the energy, energy-transition, sustainability or related infrastructure sectors. Unlike an operating company, it was established primarily to raise capital through a public offering and pursue a merger, acquisition, stock exchange or similar business combination.

The company’s stated focus includes businesses involved in the development, deployment or enabling of technologies and services related to the energy transition and decarbonization.

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