AltEnergy Acquisition Corp. (NASDAQ:AEAE – Get Rating) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 6,700 shares, a decrease of 14.1% from the March 31st total of 7,800 shares. Based on an average daily volume of 98,100 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are short sold.
AltEnergy Acquisition Price Performance
Shares of AltEnergy Acquisition stock opened at $10.26 on Monday. The business has a 50 day moving average price of $10.35 and a 200-day moving average price of $10.23. AltEnergy Acquisition has a 52 week low of $9.88 and a 52 week high of $10.80.
Get AltEnergy Acquisition alerts:Institutional Trading of AltEnergy Acquisition
A number of institutional investors and hedge funds have recently modified their holdings of the business. Spartan Fund Management Inc. purchased a new stake in shares of AltEnergy Acquisition during the fourth quarter valued at approximately $37,000. Dark Forest Capital Management LP purchased a new stake in shares of AltEnergy Acquisition during the fourth quarter valued at approximately $38,000. Virtu Financial LLC increased its position in shares of AltEnergy Acquisition by 32.1% during the fourth quarter. Virtu Financial LLC now owns 21,547 shares of the company's stock valued at $220,000 after acquiring an additional 5,238 shares during the last quarter. 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 valued at $170,000 after acquiring an additional 6,556 shares during the last quarter. Finally, Elequin Capital LP increased its position in shares of AltEnergy Acquisition by 14.4% during the third quarter. Elequin Capital LP now owns 57,180 shares of the company's stock valued at $574,000 after acquiring an additional 7,180 shares during the last quarter. 68.99% of the stock is owned by hedge funds and other 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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