AltEnergy Acquisition Corp. (NASDAQ:AEAE – Get Rating) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 11,900 shares, a drop of 75.2% from the September 15th total of 48,000 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 65,200 shares, the short-interest ratio is presently 0.2 days.

AltEnergy Acquisition Price Performance

AltEnergy Acquisition stock opened at $9.99 on Friday. AltEnergy Acquisition has a fifty-two week low of $3.85 and a fifty-two week high of $10.78. The stock has a fifty day moving average of $9.99 and a two-hundred day moving average of $9.96.

Institutional Investors Weigh In On AltEnergy Acquisition

Several hedge funds have recently made changes to their positions in AEAE. Goldman Sachs Group Inc. acquired a new stake in shares of AltEnergy Acquisition during the first quarter worth $5,920,000. Omni Event Management Ltd acquired a new stake in shares of AltEnergy Acquisition during the first quarter worth $4,791,000. Woodline Partners LP boosted its holdings in shares of AltEnergy Acquisition by 2,900.0% during the second quarter. Woodline Partners LP now owns 450,000 shares of the company's stock worth $4,469,000 after purchasing an additional 435,000 shares during the last quarter. Aristeia Capital LLC acquired a new stake in shares of AltEnergy Acquisition during the first quarter worth $3,980,000. Finally, Whitefort Capital Management LP acquired a new stake in shares of AltEnergy Acquisition during the first quarter worth $3,980,000. Institutional investors and hedge funds own 60.25% 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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