Accretion Acquisition Corp. (NASDAQ:ENER – Get Rating) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 17,800 shares, a decline of 25.2% from the April 30th total of 23,800 shares. Based on an average daily trading volume, of 37,300 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are sold short.
NASDAQ ENER traded up $0.01 on Monday, hitting $9.85. 100 shares of the company were exchanged, compared to its average volume of 65,744. The company’s 50 day moving average price is $9.83. Accretion Acquisition has a twelve month low of $9.69 and a twelve month high of $9.87.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Spartan Fund Management Inc. acquired a new stake in Accretion Acquisition during the 1st quarter worth about $2,148,000. Sculptor Capital LP raised its holdings in Accretion Acquisition by 68.6% during the 1st quarter. Sculptor Capital LP now owns 421,463 shares of the company’s stock worth $4,131,000 after buying an additional 171,463 shares during the period. Gabelli Funds LLC acquired a new stake in Accretion Acquisition during the 1st quarter worth about $1,914,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Accretion Acquisition during the 1st quarter worth about $1,516,000. Finally, Saba Capital Management L.P. grew its stake in Accretion Acquisition by 28.5% during the 1st quarter. Saba Capital Management L.P. now owns 1,237,475 shares of the company’s stock valued at $12,127,000 after acquiring an additional 274,085 shares in the last quarter. Hedge funds and other institutional investors own 47.86% of the company’s stock.
Accretion Acquisition Corp. does not have significant operations. It focuses on entering a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities 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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