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Energem Corp. (NASDAQ:ENCPW) Short Interest Up 5.2% in November

kopsource ·  Dec 18, 2022 16:01

Energem Corp. (NASDAQ:ENCPW – Get Rating) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 74,300 shares, a growth of 5.2% from the November 15th total of 70,600 shares. Based on an average trading volume of 16,100 shares, the days-to-cover ratio is presently 4.6 days.

Energem Stock Down 12.7 %

ENCPW stock traded down $0.01 on Friday, hitting $0.09. 2,000 shares of the company's stock were exchanged, compared to its average volume of 49,871. Energem has a 12-month low of $0.05 and a 12-month high of $0.35. The firm has a 50 day moving average price of $0.08 and a two-hundred day moving average price of $0.09.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENCPW. MMCAP International Inc. SPC purchased a new position in Energem during the 1st quarter worth $59,000. Goldman Sachs Group Inc. purchased a new stake in Energem during the 1st quarter valued at about $45,000. Saba Capital Management L.P. purchased a new stake in Energem during the 1st quarter valued at about $75,000. Polar Asset Management Partners Inc. purchased a new stake in Energem during the 1st quarter valued at about $154,000. Finally, Clear Street LLC grew its stake in Energem by 517.6% during the 2nd quarter. Clear Street LLC now owns 339,192 shares of the company's stock valued at $29,000 after purchasing an additional 284,273 shares during the last quarter.

About Energem

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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.

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