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Clean Earth Acquisitions (NASDAQ:CLINU) Trading Down 0.8%

Defense World ·  Dec 17, 2022 02:31

Clean Earth Acquisitions Corp. (NASDAQ:CLINU – Get Rating) shares dropped 0.8% on Friday . The company traded as low as $10.05 and last traded at $10.05. Approximately 100 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 38,010 shares. The stock had previously closed at $10.13.

Clean Earth Acquisitions Stock Down 0.8 %

The stock's fifty day simple moving average is $10.09 and its two-hundred day simple moving average is $10.07.

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Hedge Funds Weigh In On Clean Earth Acquisitions

A number of hedge funds have recently made changes to their positions in CLINU. Glazer Capital LLC purchased a new position in shares of Clean Earth Acquisitions in the 1st quarter valued at $12,549,000. Starboard Value LP purchased a new position in shares of Clean Earth Acquisitions in the 1st quarter valued at $7,530,000. HITE Hedge Asset Management LLC purchased a new position in shares of Clean Earth Acquisitions in the 1st quarter valued at $7,028,000. Bracebridge Capital LLC purchased a new position in shares of Clean Earth Acquisitions in the 1st quarter valued at $6,024,000. Finally, Basso Capital Management L.P. purchased a new position in shares of Clean Earth Acquisitions in the 1st quarter valued at $5,020,000.

Clean Earth Acquisitions Company Profile

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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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