AltEnergy Acquisition Corp. (NASDAQ:AEAE – Get Rating) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 376,600 shares, a growth of 206.2% from the June 30th total of 123,000 shares. Based on an average daily trading volume, of 38,900 shares, the days-to-cover ratio is presently 9.7 days. Currently, 1.7% of the company's stock are sold short.

AltEnergy Acquisition Price Performance

Shares of AEAE stock opened at $9.97 on Thursday. AltEnergy Acquisition has a 1-year low of $3.85 and a 1-year high of $10.78. The stock's 50-day moving average is $9.94 and its 200 day moving average is $9.92.

Institutional Investors Weigh In On AltEnergy Acquisition

A number of institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC purchased a new stake in AltEnergy Acquisition in the fourth quarter valued at about $142,000. MMCAP International Inc. SPC purchased a new stake in AltEnergy Acquisition in the fourth quarter valued at about $3,448,000. Fifth Lane Capital LP purchased a new stake in AltEnergy Acquisition in the fourth quarter valued at about $1,962,000. Taconic Capital Advisors LP purchased a new stake in AltEnergy Acquisition in the fourth quarter valued at about $4,519,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in AltEnergy Acquisition in the fourth quarter valued at about $3,940,000. Institutional investors own 43.82% of the company's stock.

AltEnergy Acquisition Company Profile

AltEnergy Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction with one or more businesses. It intends to acquire and operate businesses in the renewable energy or related clean technology sectors.

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