CleanTech Acquisition Corp. (NASDAQ:CLAQ) Sees Significant Decrease in Short Interest

CleanTech Acquisition Corp. (NASDAQ:CLAQGet Rating) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totalling 3,700 shares, a decline of 32.7% from the April 15th total of 5,500 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 57,900 shares, the days-to-cover ratio is currently 0.1 days.

Separately, Lake Street Capital started coverage on shares of CleanTech Acquisition in a report on Friday, April 29th. They issued a “buy” rating and a $14.00 price objective for the company.

CLAQ stock remained flat at $$10.03 during mid-day trading on Friday. The company’s stock had a trading volume of 421 shares, compared to its average volume of 70,673. CleanTech Acquisition has a 52 week low of $9.71 and a 52 week high of $10.93. The firm has a 50-day moving average of $10.04 and a 200 day moving average of $9.99.

Hedge funds have recently made changes to their positions in the company. Highbridge Capital Management LLC purchased a new stake in shares of CleanTech Acquisition during the third quarter worth about $14,941,000. MMCAP International Inc. SPC acquired a new position in shares of CleanTech Acquisition during the third quarter valued at approximately $13,135,000. Polar Asset Management Partners Inc. purchased a new position in shares of CleanTech Acquisition in the third quarter valued at approximately $11,420,000. Hudson Bay Capital Management LP purchased a new position in shares of CleanTech Acquisition in the third quarter valued at approximately $10,159,000. Finally, Weiss Asset Management LP acquired a new stake in shares of CleanTech Acquisition in the third quarter worth approximately $9,356,000. 78.38% of the stock is owned by institutional investors and hedge funds.

CleanTech Acquisition Company Profile (Get Rating)

Cleantech Acquisition Corp. is a blank check company. It intends to focus on businesses in the cleantech or climatetech sectors. The company was incorporated in 2020 and is based in New York, New York.

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