AltEnergy Acquisition Corp. (NASDAQ:AEAE) Short Interest Update

AltEnergy Acquisition Corp. (NASDAQ:AEAEGet Rating) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 122,600 shares, a decrease of 19.8% from the March 31st total of 152,800 shares. Based on an average daily trading volume, of 48,500 shares, the short-interest ratio is currently 2.5 days.

AltEnergy Acquisition stock opened at $9.97 on Tuesday. The company has a 50 day moving average price of $9.93. AltEnergy Acquisition has a 1-year low of $3.85 and a 1-year high of $10.78.

Several institutional investors have recently bought and sold shares of the company. Beryl Capital Management LLC purchased a new stake in shares of AltEnergy Acquisition in the 4th quarter valued at approximately $8,372,000. Saba Capital Management L.P. purchased a new stake in shares of AltEnergy Acquisition in the 4th quarter valued at approximately $2,955,000. Karpus Management Inc. purchased a new position in shares of AltEnergy Acquisition during the 4th quarter worth approximately $3,940,000. Kepos Capital LP purchased a new position in shares of AltEnergy Acquisition during the 4th quarter worth approximately $9,850,000. Finally, Marshall Wace LLP purchased a new position in shares of AltEnergy Acquisition during the 4th quarter worth approximately $2,835,000. 43.82% of the stock is owned by institutional investors and hedge funds.

About AltEnergy Acquisition (Get Rating)

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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