Short Interest in AltEnergy Acquisition Corp. (NASDAQ:AEAE) Drops By 50.0%

AltEnergy Acquisition Corp. (NASDAQ:AEAE) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 500 shares, a drop of 50.0% from the March 31st total of 1,000 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is currently 0.3 days.

AltEnergy Acquisition Stock Performance

AltEnergy Acquisition stock opened at $11.20 on Friday. The firm’s 50-day moving average is $11.17 and its 200-day moving average is $10.94. AltEnergy Acquisition has a 1 year low of $10.16 and a 1 year high of $11.86.

Institutional Trading of AltEnergy Acquisition

A number of large investors have recently modified their holdings of AEAE. Clear Street LLC acquired a new stake in shares of AltEnergy Acquisition in the 4th quarter worth about $179,000. Warberg Asset Management LLC acquired a new stake in shares of AltEnergy Acquisition in the 4th quarter worth about $286,000. Finally, Robinson Capital Management LLC increased its holdings in shares of AltEnergy Acquisition by 33.0% in the 3rd quarter. Robinson Capital Management LLC now owns 36,451 shares of the company’s stock worth $383,000 after acquiring an additional 9,040 shares during the period. Institutional investors and hedge funds own 19.97% of the company’s stock.

AltEnergy Acquisition Company Profile

AltEnergy Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the renewable energy or related clean technology sectors.