Short Interest in Accretion Acquisition Corp. (NASDAQ:ENER) Increases By 428.9%

Accretion Acquisition Corp. (NASDAQ:ENERGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 23,800 shares, an increase of 428.9% from the April 15th total of 4,500 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 54,200 shares, the days-to-cover ratio is currently 0.4 days.

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Accretion Acquisition in the fourth quarter valued at approximately $1,523,000. Geode Capital Management LLC acquired a new stake in shares of Accretion Acquisition in the fourth quarter valued at approximately $653,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Accretion Acquisition in the fourth quarter valued at approximately $244,000. Context Capital Management LLC purchased a new position in Accretion Acquisition in the first quarter worth approximately $4,900,000. Finally, Oaktree Capital Management LP purchased a new position in Accretion Acquisition in the fourth quarter worth approximately $3,416,000. 47.86% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:ENER remained flat at $$9.86 during midday trading on Wednesday. The company had a trading volume of 129 shares, compared to its average volume of 73,670. Accretion Acquisition has a 12-month low of $9.69 and a 12-month high of $9.87. The stock has a fifty day moving average price of $9.83.

Accretion Acquisition Company Profile (Get Rating)

Accretion Acquisition Corp. focuses on entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to identify and acquire a business involved in the energy value chain, including upstream, water management, gas and vapor capture, energy transition related systems, midstream, oil and gas-related software, commodity risk management, or oil and gas services.

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