Short Interest in CO2 Energy Transition Corp. (NASDAQ:NOEM) Declines By 89.7%

CO2 Energy Transition Corp. (NASDAQ:NOEM) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 719 shares, a decline of 89.7% from the May 14th total of 6,979 shares. Based on an average trading volume of 9,845 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of CO2 Energy Transition in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On CO2 Energy Transition

A number of hedge funds have recently modified their holdings of NOEM. Sona Asset Management US LLC purchased a new position in shares of CO2 Energy Transition in the first quarter valued at about $2,613,000. Toronto Dominion Bank increased 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. L1 Global Manager Pty Ltd purchased a new position in shares of CO2 Energy Transition in the fourth quarter valued at about $1,441,000. Radcliffe Capital Management L.P. purchased a new position in shares of CO2 Energy Transition in the third quarter valued at about $308,000. Finally, Wolverine Asset Management LLC increased its position in shares of CO2 Energy Transition by 30.9% in the fourth quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock valued at $749,000 after acquiring an additional 17,196 shares during the period.

CO2 Energy Transition Stock Down 0.2%

NASDAQ:NOEM traded down $0.02 during midday trading on Tuesday, hitting $10.42. The company had a trading volume of 199 shares, compared to its average volume of 5,059. The company has a market capitalization of $99.93 million, a PE ratio of 65.13 and a beta of 0.01. The stock’s fifty day moving average price is $10.41 and its 200-day moving average price is $10.36. CO2 Energy Transition has a 52-week low of $10.02 and a 52-week high of $10.50.

CO2 Energy Transition (NASDAQ:NOEM) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.03 earnings per share for the quarter.

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.