Short Interest in Accretion Acquisition Corp. (NASDAQ:ENER) Increases By 2,100.0%

Accretion Acquisition Corp. (NASDAQ:ENER – Get Rating) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totalling 13,200 shares, a growth of 2,100.0% from the April 30th total of 600 shares. Based on an average trading volume of 66,800 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Accretion Acquisition Stock Down 0.2 %

Shares of Accretion Acquisition stock opened at $10.32 on Friday. The business’s fifty day moving average price is $10.32 and its two-hundred day moving average price is $10.19. Accretion Acquisition has a 1-year low of $9.81 and a 1-year high of $10.90.

Institutional Trading of Accretion Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of ENER. Periscope Capital Inc. raised its position in shares of Accretion Acquisition by 51.8% during the first quarter. Periscope Capital Inc. now owns 2,021,790 shares of the company’s stock worth $20,865,000 after purchasing an additional 689,956 shares during the period. Bank of America Corp DE purchased a new position in shares of Accretion Acquisition during the first quarter valued at $6,174,000. Shaolin Capital Management LLC grew its holdings in shares of Accretion Acquisition by 246.5% during the third quarter. Shaolin Capital Management LLC now owns 762,376 shares of the company’s stock valued at $7,578,000 after buying an additional 542,376 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Accretion Acquisition by 1,026.0% during the fourth quarter. Bank of Montreal Can now owns 557,243 shares of the company’s stock valued at $5,634,000 after buying an additional 507,756 shares in the last quarter. Finally, First Trust Capital Management L.P. grew its holdings in shares of Accretion Acquisition by 94.1% during the first quarter. First Trust Capital Management L.P. now owns 846,064 shares of the company’s stock valued at $8,731,000 after buying an additional 410,130 shares in the last quarter. Institutional investors own 71.85% of the company’s stock.

About Accretion Acquisition

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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.