ESGEN Acquisition Co. (NASDAQ:ESAC) Sees Large Drop in Short Interest

ESGEN Acquisition Co. (NASDAQ:ESAC – Get Rating) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,100 shares, a decrease of 27.6% from the March 15th total of 2,900 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 35,900 shares, the short-interest ratio is currently 0.1 days.

ESGEN Acquisition Stock Up 0.6 %

ESAC traded up $0.06 during trading hours on Wednesday, reaching $10.58. The company's stock had a trading volume of 9,878 shares, compared to its average volume of 57,386. ESGEN Acquisition has a 52 week low of $9.98 and a 52 week high of $11.11. The company's 50-day moving average is $10.47 and its 200-day moving average is $10.35.

Institutional Investors Weigh In On ESGEN Acquisition

Large investors have recently added to or reduced their stakes in the business. State Street Corp bought a new position in ESGEN Acquisition during the 1st quarter worth $103,000. Gritstone Asset Management LLC bought a new position in ESGEN Acquisition during the 4th quarter worth $253,000. Landscape Capital Management L.L.C. increased its position in ESGEN Acquisition by 2.0% during the 4th quarter. Landscape Capital Management L.L.C. now owns 52,101 shares of the company's stock worth $539,000 after buying an additional 1,003 shares during the period. Prelude Capital Management LLC bought a new position in ESGEN Acquisition during the 1st quarter worth $850,000. Finally, Schonfeld Strategic Advisors LLC increased its position in ESGEN Acquisition by 231.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 85,920 shares of the company's stock worth $888,000 after buying an additional 60,000 shares during the period. Institutional investors own 74.60% of the company's stock.

About ESGEN Acquisition

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ESGEN Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to target opportunities in the energy and infrastructure sector in North America.

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