Activate Energy Acquisition Corp. (NASDAQ:AEAQ) Shares Shorted: Short Interest Down 40.3% in September

Activate Energy Acquisition Corp. (NASDAQ:AEAQ) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 806 shares, a decrease of 40.3% from the September 15th total of 1,351 shares. Based on an average daily volume of 32,228 shares, the short-interest ratio is presently 0.0 days.

Activate Energy Acquisition Price Performance

Shares of Activate Energy Acquisition stock traded up $0.03 during trading hours on Friday, hitting $10.11. The company’s stock had a trading volume of 3,968 shares, compared to its average volume of 63,186. The business has a 50 day moving average price of $10.08 and a two-hundred day moving average price of $10.02. Activate Energy Acquisition has a 12-month low of $9.78 and a 12-month high of $10.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Activate Energy Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Activate Energy Acquisition

A hedge fund recently bought a new stake in Activate Energy Acquisition stock. BlueCrest Capital Management Ltd purchased a new position in Activate Energy Acquisition Corp. (NASDAQ:AEAQ) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 500,000 shares of the company’s stock, valued at approximately $5,000,000.

Activate Energy Acquisition Company Profile

Activate Energy Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than producing goods or providing services directly, the company raises capital through its public offering and seeks a merger, acquisition, stock purchase or similar transaction.

The company has focused its search on businesses involved in the energy transition and related sectors. Potential areas may include renewable energy, electrification, energy efficiency, sustainable fuels, energy infrastructure and other technologies supporting the shift toward more sustainable energy systems.

Activate Energy Acquisition Corp.