NaaS Technology Inc. (NASDAQ:NAAS – Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totalling 450,100 shares, a decline of 18.8% from the July 15th total of 554,500 shares. Currently, 10.9% of the shares of the company are short sold. Based on an average daily trading volume, of 2,570,000 shares, the short-interest ratio is currently 0.2 days.
NaaS Technology Stock Performance
Shares of NASDAQ:NAAS remained flat at $4.25 during midday trading on Friday. The stock had a trading volume of 98,199 shares, compared to its average volume of 1,095,320. The company has a 50-day simple moving average of $4.27 and a two-hundred day simple moving average of $15.87. NaaS Technology has a 52-week low of $1.42 and a 52-week high of $146.60. The stock has a market cap of $54.74 million, a P/E ratio of -0.25 and a beta of 0.88.
NaaS Technology (NASDAQ:NAAS – Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported ($0.42) earnings per share for the quarter. The company had revenue of $12.62 million for the quarter. NaaS Technology had a negative return on equity of 885.88% and a negative net margin of 291.32%.
Hedge Funds Weigh In On NaaS Technology
About NaaS Technology
NaaS Technology Inc provides electric vehicle (EV) charging services in China. The company offers integrated online EV charging solutions to charging stations, including mobility connectivity services through Kuaidian; SaaS products, such as traffic support and management, marketing, payment, chargers’ management, order management, load management, and membership management.
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