Energem Corp. (NASDAQ:ENCPW – Get Rating) saw a significant growth in short interest during 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 daily trading volume, of 16,100 shares, the days-to-cover ratio is presently 4.6 days.
Institutional Investors Weigh In On Energem
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Polar Asset Management Partners Inc. acquired a new position in Energem during the first quarter worth about $154,000. Saba Capital Management L.P. acquired a new position in Energem during the first quarter worth about $75,000. Ramius Advisors LLC acquired a new position in Energem during the second quarter worth about $31,000. Clear Street LLC grew its holdings in Energem by 517.6% during the second quarter. Clear Street LLC now owns 339,192 shares of the company's stock worth $29,000 after acquiring an additional 284,273 shares during the period. Finally, MMCAP International Inc. SPC acquired a new position in Energem during the first quarter worth about $59,000.
Get Energem alerts:Energem Stock Performance
Shares of NASDAQ ENCPW opened at $0.09 on Monday. Energem has a fifty-two week low of $0.05 and a fifty-two week high of $0.35. The firm's 50-day simple moving average is $0.08 and its 200 day simple moving average is $0.09.
Energem Company Profile
(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.
Read More
- Get a free copy of the StockNews.com research report on Energem (ENCPW)
- Can Boeing Stock Soar in 2023?
- How Do Chipmakers Stack Up When It Comes To Growth?
- Is AMC Entertainment Stock Worth Taking Down Here?
- Is it Time to Take a Bite into Domino's Pizza?
- MarketBeat: Week in Review 12/12 – 12/16
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.