CO2 Energy Transition Corp. (NASDAQ:NOEMU) Short Interest Update

CO2 Energy Transition Corp. (NASDAQ:NOEMU) was the recipient of a large growth in short interest in the month of 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 currently 0.9 days.

Institutional Inflows and Outflows

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

CO2 Energy Transition Trading Down 7.0%

NOEMU traded down $0.87 during midday trading on Wednesday, reaching $11.63. The business has a 50 day simple moving average of $11.58 and a 200-day simple moving average of $11.26. CO2 Energy Transition has a 1-year low of $10.56 and a 1-year high of $12.65.

About CO2 Energy Transition

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.