AltEnergy Acquisition Corp. (NASDAQ:AEAEW) Short Interest Up 31.6% in March

AltEnergy Acquisition Corp. (NASDAQ:AEAEW) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 2,500 shares, an increase of 31.6% from the March 15th total of 1,900 shares. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is presently 0.3 days.

AltEnergy Acquisition Stock Performance

AEAEW stock opened at $0.06 on Friday. The company has a 50 day simple moving average of $0.04 and a 200 day simple moving average of $0.04. AltEnergy Acquisition has a 1 year low of $0.02 and a 1 year high of $0.28.

Hedge Funds Weigh In On AltEnergy Acquisition

An institutional investor recently raised its position in AltEnergy Acquisition stock. Shaolin Capital Management LLC raised its holdings in AltEnergy Acquisition Corp. (NASDAQ:AEAEW) by 75.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 700,000 shares of the company’s stock after acquiring an additional 300,000 shares during the quarter. Shaolin Capital Management LLC’s holdings in AltEnergy Acquisition were worth $25,000 as of its most recent SEC filing.

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.