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

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

Institutional Investors Weigh In On AltEnergy Acquisition

Several institutional investors have recently added to or reduced their stakes in AEAE. Warberg Asset Management LLC purchased a new stake in AltEnergy Acquisition during the 4th quarter valued at $286,000. Robinson Capital Management LLC boosted its position in AltEnergy Acquisition by 48.0% during the 4th quarter. Robinson Capital Management LLC now owns 53,959 shares of the company’s stock valued at $588,000 after buying an additional 17,508 shares during the period. Finally, Clear Street LLC purchased a new stake in AltEnergy Acquisition during the 4th quarter valued at $179,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

AltEnergy Acquisition Price Performance

Shares of AltEnergy Acquisition stock opened at $11.20 on Friday. AltEnergy Acquisition has a 52-week low of $10.16 and a 52-week high of $11.86. The company has a fifty day moving average of $11.17 and a 200-day moving average of $10.94.

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.