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

AltEnergy Acquisition Corp. (NASDAQ:AEAE) was the recipient of a large decrease in short interest during the month of 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. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,900 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Robinson Capital Management LLC increased its position 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 period. Clear Street LLC acquired a new position in shares of AltEnergy Acquisition in the fourth quarter valued at about $179,000. Finally, Warberg Asset Management LLC acquired a new position in shares of AltEnergy Acquisition in the fourth quarter valued at about $286,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

AltEnergy Acquisition Stock Performance

AEAE opened at $11.20 on Friday. The firm’s 50-day moving average price is $11.17 and its 200-day moving average price is $10.93. AltEnergy Acquisition has a 52-week low of $10.16 and a 52-week high of $11.86.

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.