CO2 Energy Transition Corp. (NASDAQ:NOEM) Short Interest Down 29.2% in February

Key Points

• Short interest in CO2 Energy Transition (NOEM) fell by 29.2% in February to 8,747 shares, about 0.1% of the float, with a days-to-cover ratio of 2.8.
• Several institutions — including Clear Street LLC, Flow Traders U.S. LLC, Dakota Wealth Management and Radcliffe Capital — initiated or increased modest stakes in NOEM across recent quarters, indicating small but notable institutional inflows.
• Weiss Ratings reiterated a Sell (d-) and the stock's average rating is "Sell"; shares traded flat at $10.36 with a market cap of roughly $99.35 million and a narrow 52‑week range of $9.86–$10.50.

CO2 Energy Transition Corp. (NASDAQ:NOEM - Get Free Report) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 8,747 shares, a drop of 29.2% from the February 12th total of 12,356 shares. Based on an average daily trading volume, of 3,087 shares, the days-to-cover ratio is currently 2.8 days. Approximately 0.1% of the company's shares are sold short. Approximately 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 3,087 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clear Street LLC bought a new stake in shares of CO2 Energy Transition in the 2nd quarter valued at about $108,000. Clear Street Group Inc. bought a new position in shares of CO2 Energy Transition during the third quarter valued at approximately $110,000. Flow Traders U.S. LLC boosted its stake 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 valued at $151,000 after purchasing an additional 1,578 shares in the last quarter. Dakota Wealth Management increased its holdings in CO2 Energy Transition by 11.7% during the fourth quarter. Dakota Wealth Management now owns 28,550 shares of the company's stock valued at $294,000 after buying an additional 3,000 shares during the period. Finally, Radcliffe Capital Management L.P. purchased a new position in CO2 Energy Transition during the third quarter valued at approximately $308,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of CO2 Energy Transition in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of "Sell".

CO2 Energy Transition Price Performance

Shares of NOEM remained flat at $10.36 during midday trading on Friday. The stock had a trading volume of 324 shares, compared to its average volume of 3,630. The company has a market capitalization of $99.35 million, a P/E ratio of 115.11 and a beta of 0.01. CO2 Energy Transition has a fifty-two week low of $9.86 and a fifty-two week high of $10.50. The firm has a 50 day moving average price of $10.35 and a 200 day moving average price of $10.27.

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.

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