ESGEN Acquisition (NASDAQ:ESAC) Shares Down 3.2%

ESGEN Acquisition Co. (NASDAQ:ESAC)’s stock price was down 3.2% during trading on Wednesday . The company traded as low as $4.90 and last traded at $4.98. Approximately 4,131 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 55,041 shares. The stock had previously closed at $5.14.

ESGEN Acquisition Stock Down 3.2 %

The business’s fifty day simple moving average is $7.27 and its 200 day simple moving average is $9.88.

Institutional Investors Weigh In On ESGEN Acquisition

Large investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC acquired a new stake in ESGEN Acquisition in the third quarter worth $88,000. Radcliffe Capital Management L.P. acquired a new stake in ESGEN Acquisition in the third quarter worth $569,000. Clear Street LLC grew its holdings in ESGEN Acquisition by 3,433.7% in the fourth quarter. Clear Street LLC now owns 61,203 shares of the company’s stock worth $689,000 after purchasing an additional 59,471 shares during the period. Meteora Capital LLC acquired a new stake in ESGEN Acquisition in the third quarter worth $1,448,000. Finally, Shaolin Capital Management LLC grew its holdings in ESGEN Acquisition by 200.0% in the third quarter. Shaolin Capital Management LLC now owns 250,000 shares of the company’s stock worth $2,790,000 after purchasing an additional 500,000 shares during the period. 26.23% of the stock is currently owned by institutional investors and hedge funds.

ESGEN Acquisition Company Profile

ESGEN Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to target opportunities in the energy and infrastructure sector in North America.