AltEnergy Acquisition Corp. (NASDAQ:AEAE) Sees Large Increase in Short Interest

AltEnergy Acquisition Corp. (NASDAQ:AEAE - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,000 shares, a growth of 11.1% from the March 15th total of 900 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 0.2 days.

AltEnergy Acquisition Stock Performance

Shares of NASDAQ AEAE traded down $0.27 during trading hours on Monday, reaching $11.19. 395 shares of the stock traded hands, compared to its average volume of 6,235. The company's 50-day simple moving average is $11.15 and its two-hundred day simple moving average is $10.90. AltEnergy Acquisition has a 52-week low of $10.16 and a 52-week high of $11.86.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AEAE. Virtu Financial LLC grew its holdings in shares of AltEnergy Acquisition by 32.1% during the 4th quarter. Virtu Financial LLC now owns 21,547 shares of the company's stock valued at $220,000 after purchasing an additional 5,238 shares during the last quarter. PEAK6 Investments LLC increased its holdings in shares of AltEnergy Acquisition by 5.6% in the first quarter. PEAK6 Investments LLC now owns 105,560 shares of the company's stock worth $1,038,000 after buying an additional 5,562 shares during the period. Robinson Capital Management LLC increased its holdings in shares of AltEnergy Acquisition by 33.0% in the third quarter. Robinson Capital Management LLC now owns 36,451 shares of the company's stock worth $383,000 after buying an additional 9,040 shares during the period. Toroso Investments LLC lifted its stake in shares of AltEnergy Acquisition by 58.7% in the 3rd quarter. Toroso Investments LLC now owns 24,451 shares of the company's stock valued at $257,000 after acquiring an additional 9,040 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in AltEnergy Acquisition by 100.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 20,000 shares of the company's stock valued at $204,000 after acquiring an additional 10,000 shares during the period. 19.97% of the stock is owned by hedge funds and other institutional investors.

AltEnergy Acquisition Company Profile

AltEnergy Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the renewable energy or related clean technology sectors.