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

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

CO2 Energy Transition Stock Performance

NASDAQ:NOEMU remained flat at $12.50 during mid-day trading on Monday. CO2 Energy Transition has a 52-week low of $10.56 and a 52-week high of $12.65. The company has a fifty day moving average of $11.56 and a 200 day moving average of $11.25.

Hedge Funds Weigh In On CO2 Energy Transition

A hedge fund 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 its most recent Form 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 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.