NaaS Technology Inc. (NASDAQ:NAAS) Sees Significant Growth in Short Interest

NaaS Technology Inc. (NASDAQ:NAAS) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 342,200 shares, an increase of 30.8% from the September 15th total of 261,600 shares. Currently, 8.3% of the company’s stock are short sold. Based on an average trading volume of 2,510,000 shares, the short-interest ratio is presently 0.1 days.

NaaS Technology Stock Performance

NAAS stock traded up $0.06 during trading on Tuesday, reaching $3.73. 145,290 shares of the company traded hands, compared to its average volume of 907,981. The company has a market capitalization of $48.04 million, a price-to-earnings ratio of -0.22 and a beta of 0.87. The business has a 50 day simple moving average of $3.88 and a 200 day simple moving average of $8.28. NaaS Technology has a 12 month low of $1.42 and a 12 month high of $74.90.

NaaS Technology (NASDAQ:NAAS) last issued its quarterly earnings results on Wednesday, July 24th. The company reported ($0.42) earnings per share for the quarter. NaaS Technology had a negative return on equity of 885.88% and a negative net margin of 291.32%. The business had revenue of $12.62 million during the quarter.

NaaS Technology Company Profile

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.