Accretion Acquisition Corp. (NASDAQ:ENER – Get Rating) saw a large decrease in short interest in December. As of December 30th, there was short interest totalling 23,200 shares, a decrease of 47.3% from the December 15th total of 44,000 shares. Based on an average daily volume of 18,000 shares, the short-interest ratio is currently 1.3 days. Approximately 0.1% of the company's stock are short sold.
Institutional Investors Weigh In On Accretion Acquisition
Institutional investors have recently made changes to their positions in the company. Condor Capital Management bought a new stake in shares of Accretion Acquisition in the 2nd quarter valued at approximately $33,000. Wolverine Asset Management LLC increased its holdings in shares of Accretion Acquisition by 292.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 4,304 shares of the company's stock valued at $42,000 after acquiring an additional 3,208 shares during the last quarter. Clear Street LLC bought a new position in Accretion Acquisition during the 2nd quarter worth $79,000. Lynwood Capital Management Inc. bought a new position in Accretion Acquisition during the 2nd quarter worth $98,000. Finally, Wealthspring Capital LLC bought a new position in Accretion Acquisition during the 2nd quarter worth $170,000. 71.85% of the stock is currently owned by institutional investors.
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Accretion Acquisition Stock Performance
Shares of ENER traded up $0.03 during trading on Wednesday, reaching $10.18. The company's stock had a trading volume of 23,854 shares, compared to its average volume of 5,406. The company has a fifty day moving average of $10.05 and a two-hundred day moving average of $9.95. Accretion Acquisition has a twelve month low of $9.73 and a twelve month high of $10.49.
About Accretion Acquisition
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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.
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