Short Interest in Accretion Acquisition Corp. (NASDAQ:ENER) Grows By 21.9%

Accretion Acquisition Corp. (NASDAQ:ENERGet Rating) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 21,700 shares, an increase of 21.9% from the May 15th total of 17,800 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 41,000 shares, the days-to-cover ratio is currently 0.5 days.

Several large investors have recently made changes to their positions in ENER. Wolverine Asset Management LLC purchased a new position in shares of Accretion Acquisition in the fourth quarter worth about $985,000. JPMorgan Chase & Co. purchased a new position in shares of Accretion Acquisition in the fourth quarter worth about $1,523,000. Geode Capital Management LLC purchased a new position in shares of Accretion Acquisition in the fourth quarter worth about $653,000. Taconic Capital Advisors LP purchased a new position in shares of Accretion Acquisition in the fourth quarter worth about $1,464,000. Finally, Whitebox Advisors LLC purchased a new position in shares of Accretion Acquisition in the fourth quarter worth about $976,000. Hedge funds and other institutional investors own 47.86% of the company’s stock.

Shares of NASDAQ ENER opened at $9.84 on Friday. The business has a 50-day simple moving average of $9.85. Accretion Acquisition has a fifty-two week low of $9.69 and a fifty-two week high of $9.87.

About Accretion Acquisition (Get Rating)

Accretion Acquisition Corp. does not have significant operations. It focuses on entering a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities in the energy value chain, including upstream, water management, gas and vapor capture, energy transition related systems, midstream, oil and gas-related software, commodity risk management, or oil and gas services.

Further Reading

Want More Great Investing Ideas?

Receive News & Ratings for Accretion Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accretion Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.