Zimmer Energy Transition Acquisition Corp. (NASDAQ:ZT – Get Rating) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 2,600 shares, an increase of 766.7% from the August 15th total of 300 shares. Based on an average daily volume of 24,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company's stock are sold short.
Zimmer Energy Transition Acquisition Price Performance
NASDAQ ZT opened at $9.74 on Wednesday. The stock's fifty day moving average price is $9.74 and its 200 day moving average price is $9.72. Zimmer Energy Transition Acquisition has a 1 year low of $9.63 and a 1 year high of $10.26.
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Institutional Investors Weigh In On Zimmer Energy Transition Acquisition
Several hedge funds have recently modified their holdings of ZT. Aristeia Capital LLC acquired a new stake in Zimmer Energy Transition Acquisition in the 1st quarter valued at about $5,129,000. Silver Rock Financial LP purchased a new stake in shares of Zimmer Energy Transition Acquisition during the 4th quarter worth $4,734,000. Beryl Capital Management LLC purchased a new stake in shares of Zimmer Energy Transition Acquisition during the 4th quarter worth $1,628,000. Cubist Systematic Strategies LLC lifted its position in Zimmer Energy Transition Acquisition by 45.4% in the second quarter. Cubist Systematic Strategies LLC now owns 76,743 shares of the company's stock valued at $745,000 after acquiring an additional 23,974 shares during the last quarter. Finally, CSS LLC IL increased its stake in Zimmer Energy Transition Acquisition by 601.3% in the second quarter. CSS LLC IL now owns 223,155 shares of the company's stock valued at $2,168,000 after purchasing an additional 191,337 shares during the period. 56.18% of the stock is owned by hedge funds and other institutional investors.
About Zimmer Energy Transition Acquisition
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Zimmer Energy Transition Acquisition Corp. does not have significant operations. The company intends to acquire assets and businesses through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. It focuses on targeting companies that serve segments in the clean energy ecosystem, including renewable power generation, energy storage, the distributed electrical grid, zero-emission transportation, zero/low-carbon industrial applications, and renewable financing.
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