AltEnergy Acquisition Corp. (NASDAQ:AEAE) Sees Significant Decline in Short Interest

AltEnergy Acquisition Corp. (NASDAQ:AEAE) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 500 shares, a decrease of 50.0% from the March 31st total of 1,000 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of AltEnergy Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of AEAE. Robinson Capital Management LLC increased its holdings in shares of AltEnergy Acquisition by 33.0% in the 3rd quarter. Robinson Capital Management LLC now owns 36,451 shares of the company’s stock valued at $383,000 after acquiring an additional 9,040 shares during the last quarter. Clear Street LLC acquired a new position in AltEnergy Acquisition in the fourth quarter worth $179,000. Finally, Warberg Asset Management LLC bought a new stake in AltEnergy Acquisition during the fourth quarter valued at $286,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

AltEnergy Acquisition Stock Performance

Shares of AltEnergy Acquisition stock opened at $11.20 on Friday. AltEnergy Acquisition has a 1 year low of $10.16 and a 1 year high of $11.86. The firm’s 50-day simple moving average is $11.17 and its 200-day simple moving average is $10.93.

AltEnergy Acquisition Company Profile

AltEnergy Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the renewable energy or related clean technology sectors.