Accretion Acquisition (NASDAQ:ENERR) Trading Up 52%

Shares of Accretion Acquisition Corp. (NASDAQ:ENERR) were up 52% during mid-day trading on Friday . The company traded as high as $0.11 and last traded at $0.11. Approximately 935 shares traded hands during trading, a decline of 98% from the average daily volume of 46,206 shares. The stock had previously closed at $0.07.

Accretion Acquisition Trading Up 52.0 %

The stock’s 50-day moving average price is $0.08 and its 200-day moving average price is $0.10.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Accretion Acquisition stock. Cowen AND Company LLC raised its stake in shares of Accretion Acquisition Corp. (NASDAQ:ENERR) by 322.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 509,012 shares of the company’s stock after purchasing an additional 388,412 shares during the period. Cowen AND Company LLC’s holdings in Accretion Acquisition were worth $48,000 as of its most recent SEC filing.

About Accretion Acquisition

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.