Energem Corp. (NASDAQ:ENCPW – Get Rating) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 70,600 shares, a growth of 5.5% from the October 31st total of 66,900 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is presently 4.9 days.
Energem Price Performance
Shares of ENCPW opened at $0.07 on Tuesday. The stock's 50 day moving average is $0.08 and its two-hundred day moving average is $0.09. Energem has a twelve month low of $0.05 and a twelve month high of $0.35.
Get Energem alerts:Institutional Investors Weigh In On Energem
Several institutional investors have recently modified their holdings of ENCPW. MMCAP International Inc. SPC purchased a new stake in shares of Energem during the 1st quarter worth approximately $59,000. Goldman Sachs Group Inc. acquired a new position in shares of Energem during the 1st quarter worth approximately $45,000. Saba Capital Management L.P. acquired a new position in shares of Energem during the 1st quarter worth approximately $75,000. Polar Asset Management Partners Inc. acquired a new position in shares of Energem during the 1st quarter worth approximately $154,000. Finally, Clear Street LLC raised its position in shares of Energem by 517.6% during the 2nd quarter. Clear Street LLC now owns 339,192 shares of the company's stock worth $29,000 after purchasing an additional 284,273 shares during the last quarter.
About Energem
(Get Rating)Energem Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in the energy industry. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.
See Also
- Get a free copy of the StockNews.com research report on Energem (ENCPW)
- CrowdStrike Selloff: It's Time For Investors to Strike
- Pure Storage is a Steady Eddie Growing Storage Play
- Tesla Shares Are Sliding, Here's Why
- Insiders And Institutions Buy Fastenal, An Aristocrat To Be
- Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Receive News & Ratings for Energem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energem and related companies with MarketBeat.com's FREE daily email newsletter.