Short Interest in AltEnergy Acquisition Corp. (NASDAQ:AEAE) Declines By 50.0%

AltEnergy Acquisition Corp. (NASDAQ:AEAE) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totalling 300 shares, a decline of 50.0% from the August 31st total of 600 shares. Based on an average trading volume of 500 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

AltEnergy Acquisition Price Performance

Shares of AEAE opened at $11.11 on Thursday. The business’s 50 day moving average is $11.56 and its two-hundred day moving average is $11.40. AltEnergy Acquisition has a 52-week low of $10.50 and a 52-week high of $12.64.

Hedge Funds Weigh In On AltEnergy Acquisition

A hedge fund recently raised its stake in AltEnergy Acquisition stock. Clear Street LLC lifted its position in shares of AltEnergy Acquisition Corp. (NASDAQ:AEAE) by 58.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,853 shares of the company’s stock after acquiring an additional 5,853 shares during the period. Clear Street LLC owned about 0.24% of AltEnergy Acquisition worth $180,000 at the end of the most recent reporting period. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

About AltEnergy Acquisition

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. AltEnergy Acquisition Corp. was incorporated in 2021 and is based in New York, New York.