AltEnergy Acquisition Corp. (NASDAQ:AEAE) is seeing a big decline in short interest

AltEnergy Acquisition Corp. (NASDAQ:AEAE – Get Free Report) saw a large drop in short interest in June. As of June 15, short interest totaled 2,200 shares, down 40.5% from May 31, when it was 3,700 shares. About 0.3% of the company’s shares are being sold short. Based on an average daily trading volume of 4,500 shares, the days to cover ratio is currently 0.5 days.

AltEnergy Acquisition Institutional Trading

A number of institutional investors and hedge funds have recently added to or reduced their holdings in the company. Clear Street LLC bought a new share of AltEnergy Acquisition in the fourth quarter worth approximately $179,000. Robinson Capital Management LLC increased its position in AltEnergy Acquisition by 48.0% in the fourth quarter. Robinson Capital Management LLC now owns 53,959 shares of the company’s stock worth $588,000 after purchasing an additional 17,508 shares during the period. Finally, Warberg Asset Management LLC bought a new share of AltEnergy Acquisition in the fourth quarter worth approximately $286,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

AltEnergy Acquisition Price Results

NASDAQ AEAE shares opened at $11.35 on Friday. AltEnergy Acquisition has a 52-week low of $10.35 and a 52-week high of $12.28. The company’s 50 day moving average is $11.37 and its two-hundred day moving average is $11.16.

AltEnergy Acquisition Company Profile

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AltEnergy Acquisition Corp. has no significant operations. The Company intends to enter into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. AltEnergy Acquisition Corp. was formed in 2021 and is headquartered in New York.

AltEnergy Acquisition Institutional Trading

AltEnergy Acquisition Price Results

AltEnergy Acquisition Company Profile

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