AltEnergy Acquisition Corp. (NASDAQ:AEAEW) Sees Significant Increase in Short Interest

AltEnergy Acquisition Corp. (NASDAQ:AEAEW) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 71,300 shares, a growth of 45.2% from the July 31st total of 49,100 shares. Based on an average daily volume of 10,000 shares, the short-interest ratio is currently 7.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AltEnergy Acquisition stock. Shaolin Capital Management LLC grew its stake in AltEnergy Acquisition Corp. (NASDAQ:AEAEW) by 75.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 700,000 shares of the company’s stock after buying an additional 300,000 shares during the quarter. Shaolin Capital Management LLC’s holdings in AltEnergy Acquisition were worth $25,000 at the end of the most recent reporting period.

AltEnergy Acquisition Trading Down 14.8 %

AltEnergy Acquisition stock opened at $0.07 on Monday. AltEnergy Acquisition has a twelve month low of $0.02 and a twelve month high of $0.44. The company has a 50 day moving average of $0.06 and a 200-day moving average of $0.09.