Energem Corp. (NASDAQ:ENCP – Get Rating) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 5,100 shares, an increase of 70.0% from the October 15th total of 3,000 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily volume of 20,300 shares, the short-interest ratio is currently 0.3 days.

Energem Stock Performance

NASDAQ:ENCP traded down $0.24 during trading hours on Friday, reaching $10.32. 6,847 shares of the company were exchanged, compared to its average volume of 13,413. Energem has a 52-week low of $9.87 and a 52-week high of $11.25. The stock has a 50 day simple moving average of $10.19 and a 200 day simple moving average of $10.10.

Hedge Funds Weigh In On Energem

A number of large investors have recently bought and sold shares of the stock. Centiva Capital LP purchased a new position in Energem during the second quarter worth approximately $509,000. Millennium Management LLC raised its stake in Energem by 45.9% during the second quarter. Millennium Management LLC now owns 129,663 shares of the company's stock worth $1,302,000 after purchasing an additional 40,770 shares during the period. Landscape Capital Management L.L.C. purchased a new position in Energem during the second quarter worth approximately $103,000. Walleye Capital LLC purchased a new position in shares of Energem in the 1st quarter valued at $956,000. Finally, Walleye Trading LLC purchased a new position in shares of Energem in the 1st quarter valued at $540,000. Hedge funds and other institutional investors own 77.43% of the company's stock.

About Energem

Energem Corp. does not have significant operations. The company focuses on effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus a target business operating in the energy industry.

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