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

AltEnergy Acquisition Corp. (NASDAQ:AEAE) saw 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. Based on an average daily volume of 1,900 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

AltEnergy Acquisition Price Performance

Shares of NASDAQ AEAE opened at $11.20 on Friday. AltEnergy Acquisition has a 12-month low of $10.16 and a 12-month high of $11.86. The firm’s 50-day moving average is $11.17 and its two-hundred day moving average is $10.94.

Institutional Trading of AltEnergy Acquisition

Several institutional investors and hedge funds have recently modified their holdings of AEAE. Clear Street LLC purchased a new position in shares of AltEnergy Acquisition during the fourth quarter valued at approximately $179,000. Warberg Asset Management LLC purchased a new position in shares of AltEnergy Acquisition during the fourth quarter valued at approximately $286,000. Finally, Robinson Capital Management LLC lifted its stake in shares of AltEnergy Acquisition by 33.0% during the third quarter. Robinson Capital Management LLC now owns 36,451 shares of the company’s stock valued at $383,000 after buying an additional 9,040 shares during the period. Hedge funds and other institutional investors own 19.97% of the company’s stock.

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.