Accretion Acquisition Corp. (NASDAQ:ENER – Get Rating) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 9,800 shares, a decline of 13.3% from the July 15th total of 11,300 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 42,200 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Accretion Acquisition

Institutional investors have recently bought and sold shares of the business. Taconic Capital Advisors LP acquired a new position in Accretion Acquisition during the fourth quarter worth approximately $1,464,000. Karpus Management Inc. bought a new stake in shares of Accretion Acquisition during the fourth quarter worth approximately $15,717,000. Whitebox Advisors LLC bought a new stake in shares of Accretion Acquisition during the fourth quarter worth approximately $976,000. Saba Capital Management L.P. bought a new stake in shares of Accretion Acquisition during the fourth quarter worth approximately $9,403,000. Finally, Granby Capital Management LLC bought a new stake in shares of Accretion Acquisition during the first quarter worth approximately $245,000. Institutional investors and hedge funds own 47.86% of the company's stock.

Accretion Acquisition Price Performance

NASDAQ ENER traded up $0.01 during trading on Wednesday, reaching $9.90. 535,627 shares of the company's stock were exchanged, compared to its average volume of 70,735. The business has a 50 day moving average price of $9.87 and a 200-day moving average price of $9.83. Accretion Acquisition has a fifty-two week low of $9.69 and a fifty-two week high of $9.94.

Accretion Acquisition Company Profile

Accretion Acquisition Corp. does not have significant operations. It focuses on entering a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities in the energy value chain, including upstream, water management, gas and vapor capture, energy transition related systems, midstream, oil and gas-related software, commodity risk management, or oil and gas services.

Further Reading

• Get a free copy of the StockNews.com research report on Accretion Acquisition (ENER)
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