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

Key Points

• Short interest fell 62.2% to 693 shares as of July 31, down from 1,833 shares on July 15. Short interest represents 0.0% of shares outstanding, with a short-interest ratio of 0.2 days.
• NOEM opened at $10.81 and has traded between $10.08 and $12.62 over the past 52 weeks. The company reported quarterly EPS of $0.03, while its market capitalization stood at approximately $103.7 million.
• Analyst sentiment remains negative: Weiss Ratings raised its assessment only from “sell (d)” to “sell (d+),” and the stock’s sole analyst rating is Sell. Several institutional investors increased their positions, including Toronto Dominion Bank, which held 511,082 shares.

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

CO2 Energy Transition Stock Performance

CO2 Energy Transition stock opened at $10.81 on Friday. CO2 Energy Transition has a 52 week low of $10.08 and a 52 week high of $12.62. The stock has a market capitalization of $103.72 million, a P/E ratio of 67.60 and a beta of -0.05. The stock has a 50-day simple moving average of $10.68 and a 200 day simple moving average of $10.49.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On CO2 Energy Transition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NOEM. Flow Traders U.S. LLC lifted its stake in shares of CO2 Energy Transition by 11.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company's stock worth $151,000 after buying an additional 1,578 shares during the last quarter. Wolverine Asset Management LLC lifted its position in CO2 Energy Transition by 30.9% during the fourth quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company's stock worth $749,000 after acquiring an additional 17,196 shares during the last quarter. L1 Global Manager Pty Ltd acquired a new position in shares of CO2 Energy Transition in the fourth quarter valued at approximately $1,441,000. Clear Street Group Inc. lifted its holdings in 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 purchasing an additional 10,381 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of CO2 Energy Transition by 59.1% in the fourth quarter. Toronto Dominion Bank now owns 511,082 shares of the company's stock valued at $5,259,000 after acquiring an additional 189,784 shares during the period.

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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