ST Energy Transition I Ltd. (NYSE:STET – Get Rating) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 400 shares, a growth of 100.0% from the October 15th total of 200 shares. Based on an average trading volume of 36,800 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On ST Energy Transition I

A number of hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC grew its holdings in shares of ST Energy Transition I by 25.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 488,249 shares of the company's stock worth $4,819,000 after purchasing an additional 98,223 shares during the period. Spartan Fund Management Inc. purchased a new position in ST Energy Transition I during the 2nd quarter valued at about $1,480,000. Fir Tree Capital Management LP purchased a new position in ST Energy Transition I during the 1st quarter valued at about $657,000. Finally, Picton Mahoney Asset Management purchased a new position in ST Energy Transition I during the 1st quarter valued at about $1,971,000. 75.13% of the stock is currently owned by hedge funds and other institutional investors.

ST Energy Transition I Stock Down 0.1 %

Shares of STET traded down $0.01 during midday trading on Friday, reaching $10.08. The company had a trading volume of 300 shares, compared to its average volume of 68,525. ST Energy Transition I has a 1-year low of $9.69 and a 1-year high of $10.09. The firm has a 50 day simple moving average of $10.03 and a 200-day simple moving average of $9.94.

ST Energy Transition I Company Profile

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ST Energy Transition I Ltd. does not have significant operations. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify business opportunities in the field of energy transition and clean energy.

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