CO2 Energy Transition Corp. (NASDAQ:NOEMU) Sees Large Growth in Short Interest

CO2 Energy Transition Corp. (NASDAQ:NOEMU) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 231 shares. Based on an average daily volume of 270 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

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

CO2 Energy Transition Stock Performance

Shares of CO2 Energy Transition stock remained flat at $12.50 during mid-day trading on Monday. CO2 Energy Transition has a 1 year low of $10.56 and a 1 year high of $12.65. The company’s 50 day simple moving average is $11.56 and its 200-day simple moving average is $11.25.

CO2 Energy Transition Company Profile

CO2 Energy Transition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more businesses. Its publicly traded units are listed under the symbol NOEMU on the Nasdaq.

The company has indicated that it intends to focus on opportunities related to the energy transition, including businesses involved in decarbonization, renewable energy, energy efficiency, clean technology and related infrastructure.