CO2 Energy Transition Corp. (NASDAQ:NOEM) Short Interest Down 62.2% in July

CO2 Energy Transition Corp. (NASDAQ:NOEM) saw 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 sold short. Based on an average daily volume of 4,064 shares, the days-to-cover ratio is currently 0.2 days.

CO2 Energy Transition Stock Performance

Shares of NASDAQ NOEM traded up $0.12 during trading on Friday, reaching $10.81. The company had a trading volume of 1,189 shares, compared to its average volume of 9,105. CO2 Energy Transition has a 52 week low of $10.08 and a 52 week high of $12.62. The business’s 50 day moving average price is $10.69 and its 200-day moving average price is $10.49. The stock has a market cap of $103.72 million, a PE ratio of 72.10 and a beta of -0.05.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sona Asset Management US LLC acquired a new stake in shares of CO2 Energy Transition in the 1st quarter valued at $2,613,000. Toronto Dominion Bank lifted its stake in shares of CO2 Energy Transition by 59.1% during 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. Clear Street Group Inc. boosted its holdings in CO2 Energy Transition by 96.5% in the fourth quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock valued at $218,000 after acquiring an additional 10,381 shares during the last quarter. L1 Global Manager Pty Ltd bought a new position in CO2 Energy Transition in the fourth quarter valued at about $1,441,000. Finally, Wolverine Asset Management LLC increased its position in CO2 Energy Transition by 30.9% in the fourth quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock worth $749,000 after purchasing an additional 17,196 shares during the period.

Wall Street Analysts Forecast Growth

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.com, the company currently has an average rating of “Sell”.

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.