AltEnergy Acquisition Corp. (NASDAQ:AEAE – Get Rating) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 7,800 shares, a drop of 19.6% from the March 15th total of 9,700 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 87,700 shares, the days-to-cover ratio is currently 0.1 days.
AltEnergy Acquisition Stock Down 0.1 %
AEAE opened at $10.37 on Tuesday. The company has a fifty day moving average price of $10.34 and a two-hundred day moving average price of $10.20. AltEnergy Acquisition has a 1-year low of $9.88 and a 1-year high of $10.41.
Get AltEnergy Acquisition alerts:Institutional Trading of AltEnergy Acquisition
Large investors have recently made changes to their positions in the company. Spartan Fund Management Inc. bought a new position in AltEnergy Acquisition in the fourth quarter worth approximately $37,000. Dark Forest Capital Management LP acquired a new position in AltEnergy Acquisition during the fourth quarter worth $38,000. Woodline Partners LP bought a new position in shares of AltEnergy Acquisition in the first quarter valued at $149,000. Virtu Financial LLC acquired a new position in shares of AltEnergy Acquisition during the third quarter valued at about $164,000. Finally, Wolverine Asset Management LLC increased its position in shares of AltEnergy Acquisition by 63.0% during the third quarter. Wolverine Asset Management LLC now owns 16,958 shares of the company's stock worth $170,000 after acquiring an additional 6,556 shares in the last quarter. 68.99% of the stock is currently owned by institutional investors and hedge funds.
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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