AltEnergy Acquisition Corp. (NASDAQ:AEAE) Short Interest Down 50.0% in April

AltEnergy Acquisition Corp. (NASDAQ:AEAE) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, a decline of 50.0% from the March 31st total of 1,000 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,900 shares, the short-interest ratio is presently 0.3 days.

AltEnergy Acquisition Price Performance

NASDAQ AEAE opened at $11.20 on Friday. AltEnergy Acquisition has a 12-month low of $10.16 and a 12-month high of $11.86. The firm has a 50-day moving average price of $11.17 and a two-hundred day moving average price of $10.94.

Institutional Trading of AltEnergy Acquisition

Institutional investors have recently bought and sold shares of the business. Robinson Capital Management LLC boosted its holdings in 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 purchasing an additional 9,040 shares during the period. Clear Street LLC bought a new stake in AltEnergy Acquisition in the 4th quarter valued at about $179,000. Finally, Warberg Asset Management LLC bought a new stake in AltEnergy Acquisition in the 4th quarter valued at about $286,000. Institutional investors own 19.97% of the company’s stock.

About AltEnergy Acquisition

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.