CENAQ Energy Corp. (NASDAQ:CENQ – Get Rating) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 2,500 shares, an increase of 8.7% from the September 15th total of 2,300 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is currently 0.2 days.
CENAQ Energy Price Performance
Shares of CENQ remained flat at $10.11 during mid-day trading on Tuesday. 2,059 shares of the stock traded hands, compared to its average volume of 3,838. CENAQ Energy has a 52 week low of $9.83 and a 52 week high of $10.96. The firm's fifty day simple moving average is $10.08 and its two-hundred day simple moving average is $10.06.
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Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Karpus Management Inc. grew its stake in CENAQ Energy by 163.1% in the 1st quarter. Karpus Management Inc. now owns 1,132,684 shares of the company's stock valued at $11,327,000 after buying an additional 702,184 shares during the last quarter. Berkley W R Corp grew its stake in CENAQ Energy by 3.1% in the 1st quarter. Berkley W R Corp now owns 834,055 shares of the company's stock valued at $8,341,000 after buying an additional 25,000 shares during the last quarter. Wolverine Asset Management LLC grew its stake in CENAQ Energy by 10.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 683,534 shares of the company's stock valued at $6,876,000 after buying an additional 62,360 shares during the last quarter. Millennium Management LLC grew its stake in CENAQ Energy by 132.0% in the 2nd quarter. Millennium Management LLC now owns 648,743 shares of the company's stock valued at $6,533,000 after buying an additional 369,073 shares during the last quarter. Finally, Sculptor Capital LP acquired a new position in CENAQ Energy in the 1st quarter valued at $6,000,000. 70.31% of the stock is currently owned by institutional investors and hedge funds.
CENAQ Energy Company Profile
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CENAQ Energy Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify, acquire, and operate a business in the energy industry in North America.
Further Reading
- Get a free copy of the StockNews.com research report on CENAQ Energy (CENQ)
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