Accretion Acquisition Corp. (NASDAQ:ENER – Get Rating) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 10,600 shares, a growth of 6.0% from the February 13th total of 10,000 shares. Based on an average daily volume of 55,200 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.
Institutional Trading of Accretion Acquisition
Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE purchased a new position in shares of Accretion Acquisition during the 1st quarter valued at about $6,174,000. Shaolin Capital Management LLC boosted its holdings in Accretion Acquisition by 246.5% in the 3rd quarter. Shaolin Capital Management LLC now owns 762,376 shares of the company’s stock worth $7,578,000 after buying an additional 542,376 shares during the last quarter. Bank of Montreal Can boosted its holdings in Accretion Acquisition by 1,026.0% in the 4th quarter. Bank of Montreal Can now owns 557,243 shares of the company’s stock worth $5,634,000 after buying an additional 507,756 shares during the last quarter. Periscope Capital Inc. boosted its holdings in shares of Accretion Acquisition by 93.6% during the 3rd quarter. Periscope Capital Inc. now owns 1,015,861 shares of the company’s stock worth $10,098,000 after purchasing an additional 491,261 shares during the last quarter. Finally, Dark Forest Capital Management LP boosted its holdings in shares of Accretion Acquisition by 2,320.2% during the 2nd quarter. Dark Forest Capital Management LP now owns 221,617 shares of the company’s stock worth $2,183,000 after purchasing an additional 212,460 shares during the last quarter. Institutional investors and hedge funds own 71.85% of the company’s stock.
Accretion Acquisition Price Performance
Shares of NASDAQ ENER opened at $10.26 on Friday. The stock’s fifty day simple moving average is $10.20 and its two-hundred day simple moving average is $10.05. Accretion Acquisition has a 12-month low of $9.77 and a 12-month high of $10.90.
Accretion Acquisition Company Profile
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.
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