AltEnergy Acquisition Corp. (NASDAQ:AEAE – Get Rating) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 19,900 shares, a growth of 180.3% from the February 13th total of 7,100 shares. Currently, 0.1% of the company's shares are short sold. Based on an average daily volume of 69,300 shares, the days-to-cover ratio is currently 0.3 days.
AltEnergy Acquisition Stock Up 0.1 %
NASDAQ:AEAE traded up $0.01 during mid-day trading on Friday, reaching $10.36. 5,487 shares of the company's stock traded hands, compared to its average volume of 106,939. The company has a 50 day moving average price of $10.28 and a 200-day moving average price of $10.13. AltEnergy Acquisition has a 12-month low of $9.88 and a 12-month high of $10.40.
Get AltEnergy Acquisition alerts:Institutional Investors Weigh In On AltEnergy Acquisition
A number of large investors have recently made changes to their positions in AEAE. Spartan Fund Management Inc. purchased a new stake in AltEnergy Acquisition in the fourth quarter worth $37,000. Dark Forest Capital Management LP purchased a new stake in shares of AltEnergy Acquisition in the 4th quarter worth about $38,000. Bulldog Investors LLP bought a new stake in shares of AltEnergy Acquisition during the 2nd quarter valued at about $141,000. Woodline Partners LP purchased a new position in shares of AltEnergy Acquisition during the first quarter valued at about $149,000. Finally, Virtu Financial LLC bought a new position in AltEnergy Acquisition in the third quarter worth about $164,000. 68.99% of the stock is currently owned by institutional investors.
About AltEnergy Acquisition
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AltEnergy Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar transaction with one or more businesses. It intends to acquire and operate businesses in the renewable energy or related clean technology sectors.
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