Energy Transition Special Opportunities (NYSE:ETSS) Sees Large Decrease in Short Interest

Energy Transition Special Opportunities (NYSE:ETSS) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 652 shares, a drop of 69.5% from the September 15th total of 2,140 shares. Based on an average trading volume of 75,148 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of Energy Transition Special Opportunities in a report on Friday, August 28th. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Energy Transition Special Opportunities stock. Nilsine Partners LLC purchased a new position in Energy Transition Special Opportunities (NYSE:ETSS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 57,271 shares of the company’s stock, valued at approximately $963,000. Nilsine Partners LLC owned approximately 0.38% of Energy Transition Special Opportunities as of its most recent SEC filing.

Energy Transition Special Opportunities Trading Down 0.1%

Shares of NYSE ETSS traded down $0.01 during mid-day trading on Monday, reaching $9.95. 40,939 shares of the company’s stock were exchanged, compared to its average volume of 49,530. Energy Transition Special Opportunities has a 52-week low of $9.77 and a 52-week high of $10.00. The stock’s 50-day moving average is $9.93.

Energy Transition Special Opportunities Company Profile

Energy Transition Special Opportunities Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with a company operating in the energy-transition sector.

Rather than selling products or services of its own, the company’s activities center on identifying a suitable merger or acquisition target. Its stated focus includes businesses involved in technologies, infrastructure, and services supporting the transition toward lower-carbon energy systems.

Publicly available information about the company’s operating activities, geographic reach, and leadership is limited.