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

CO2 Energy Transition Corp. (NASDAQ:NOEM) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 109 shares, a drop of 70.9% from the August 15th total of 375 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 180 shares, the short-interest ratio is presently 0.6 days.

CO2 Energy Transition Trading Down 0.5%

Shares of CO2 Energy Transition stock traded down $0.05 during mid-day trading on Friday, reaching $10.64. 115 shares of the stock were exchanged, compared to its average volume of 126. CO2 Energy Transition has a fifty-two week low of $10.14 and a fifty-two week high of $12.62. The company has a market cap of $39.55 million, a price-to-earnings ratio of 70.94 and a beta of -0.11. The firm has a 50-day simple moving average of $10.83 and a 200 day simple moving average of $10.55.

CO2 Energy Transition (NASDAQ:NOEM) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.03 EPS for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised CO2 Energy Transition from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On CO2 Energy Transition

A number of large investors have recently bought and sold shares of NOEM. Sona Asset Management US LLC acquired a new stake in CO2 Energy Transition during the 1st quarter valued at $2,613,000. Toronto Dominion Bank boosted its stake in CO2 Energy Transition by 59.1% in the fourth quarter. Toronto Dominion Bank now owns 511,082 shares of the company’s stock worth $5,259,000 after purchasing an additional 189,784 shares in the last quarter. Clear Street Group Inc. grew its holdings in shares of CO2 Energy Transition by 96.5% during the fourth quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock worth $218,000 after purchasing an additional 10,381 shares during the last quarter. L1 Global Manager Pty Ltd bought a new stake in shares of CO2 Energy Transition during the fourth quarter worth $1,441,000. Finally, Flow Traders U.S. LLC increased its stake in shares of CO2 Energy Transition by 11.9% in the third quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock valued at $151,000 after buying an additional 1,578 shares in the last quarter.

About CO2 Energy Transition

CO2 Energy Transition, Inc is a special purpose acquisition company organized under the laws of the State of Delaware. Listed on the NASDAQ under the ticker symbol NOEM, the company’s mission is to identify, acquire, and merge with one or more businesses operating in the climate technology and energy transition sectors. By targeting companies at the forefront of decarbonization, CO2 Energy Transition seeks to position itself as a strategic partner in the development and commercialization of solutions that reduce greenhouse gas emissions.

Although the company has not yet announced a definitive business combination, its investment mandate encompasses a broad range of activities within the clean energy ecosystem.