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

CO2 Energy Transition Corp. (NASDAQ:NOEMU) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 2 shares, a decline 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 Stock Down 1.5%

NOEMU stock traded down $0.17 during midday trading on Friday, reaching $10.71. 679 shares of the company’s stock traded hands, compared to its average volume of 2,759. CO2 Energy Transition has a 52-week low of $10.56 and a 52-week high of $17.00. The stock’s 50-day moving average is $11.41 and its 200 day moving average is $11.25.

Hedge Funds Weigh In On CO2 Energy Transition

An institutional investor recently bought a new stake in CO2 Energy Transition stock. PenderFund Capital Management Ltd. purchased a new position in CO2 Energy Transition Corp. (NASDAQ:NOEMU) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.