CO2 Energy Transition Corp. (NASDAQ:NOEMU) Shares Shorted: Short Interest Down 85.7% in October

CO2 Energy Transition Corp. (NASDAQ:NOEMU) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 2 shares, a decrease of 85.7% from the October 15th total of 14 shares. Based on an average daily volume of 692 shares, the days-to-cover ratio is presently 0.0 days.

CO2 Energy Transition Trading Down 1.5%

NOEMU traded down $0.17 during trading on Wednesday, hitting $10.71. 679 shares of the stock were exchanged, compared to its average volume of 2,759. The firm has a 50 day simple moving average of $11.46 and a 200 day simple moving average of $11.25. CO2 Energy Transition has a 1 year low of $10.56 and a 1 year high of $17.00.

Hedge Funds Weigh In On CO2 Energy Transition

An institutional investor recently bought a new position in CO2 Energy Transition stock. PenderFund Capital Management Ltd. purchased a new stake in shares of CO2 Energy Transition Corp. (NASDAQ:NOEMU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 35,600 shares of the company’s stock, valued at approximately $376,000.

About CO2 Energy Transition

CO2 Energy Transition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, or similar business combination. Its stated focus is on opportunities related to the energy transition. The company does not operate an energy business or currently offer products or services. Its activities center on identifying and evaluating a potential combination with an operating company. Because CO2 Energy Transition has not completed a business combination, it does not have established operating markets or customer geographies to describe.