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Beard Energy Transition Acquisition Corp. (NYSE:BRD) Sees Significant Growth in Short Interest

Financial News Live ·  Nov 14, 2022 12:52

Beard Energy Transition Acquisition Corp. (NYSE:BRD – Get Rating) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 1,300 shares, an increase of 62.5% from the October 15th total of 800 shares. Currently, 0.0% of the company's stock are short sold. Based on an average trading volume of 34,700 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Beard Energy Transition Acquisition

An institutional investor recently raised its position in Beard Energy Transition Acquisition stock. Kohlberg Kravis Roberts & Co. L.P. lifted its stake in shares of Beard Energy Transition Acquisition Corp. (NYSE:BRD – Get Rating) by 8.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,210 shares of the company's stock after purchasing an additional 1,210 shares during the period. Kohlberg Kravis Roberts & Co. L.P. owned 0.06% of Beard Energy Transition Acquisition worth $161,000 at the end of the most recent quarter. Institutional investors own 65.68% of the company's stock.

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Beard Energy Transition Acquisition Trading Down 0.4 %

NYSE:BRD traded down $0.04 on Monday, hitting $10.07. The stock had a trading volume of 70,300 shares, compared to its average volume of 52,643. Beard Energy Transition Acquisition has a 1 year low of $9.75 and a 1 year high of $10.39. The firm's fifty day simple moving average is $10.02 and its two-hundred day simple moving average is $9.96.

Beard Energy Transition Acquisition Company Profile

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Beard Energy Transition Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses operating on electric power grid opportunities associated with energy transition infrastructure buildout.

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