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Clean Earth Acquisitions Corp. (NASDAQ:CLIN) Sees Large Decline in Short Interest

kopsource ·  Dec 16, 2022 16:01

Clean Earth Acquisitions Corp. (NASDAQ:CLIN – Get Rating) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 5,400 shares, a drop of 23.9% from the November 15th total of 7,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 34,900 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CLIN. Linden Advisors LP purchased a new position in Clean Earth Acquisitions in the second quarter worth $14,745,000. Wolverine Asset Management LLC purchased a new position in Clean Earth Acquisitions in the second quarter worth $10,219,000. Hudson Bay Capital Management LP purchased a new position in Clean Earth Acquisitions in the second quarter worth $9,880,000. Shaolin Capital Management LLC purchased a new position in Clean Earth Acquisitions in the third quarter worth $9,386,000. Finally, Starboard Value LP purchased a new position in Clean Earth Acquisitions in the second quarter worth $7,410,000. Hedge funds and other institutional investors own 75.68% of the company's stock.

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Clean Earth Acquisitions Price Performance

Shares of NASDAQ CLIN remained flat at $10.00 during mid-day trading on Friday. The company had a trading volume of 2,300 shares, compared to its average volume of 72,323. The business's fifty day moving average is $9.94 and its 200 day moving average is $9.89. Clean Earth Acquisitions has a 52-week low of $9.79 and a 52-week high of $10.01.

About Clean Earth Acquisitions

(Get Rating)

Clean Earth Acquisitions Corp. intends to acquire assets or businesses through a merger, capital stock exchange, stock purchase, reorganization, or similar business combination. It focuses on acquiring companies in the clean energy ecosystem, including carbon, hydrogen, sustainable agriculture, and renewable energy.

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