NWTN Inc. (NASDAQ:NWTN) Short Interest Update

NWTN Inc. (NASDAQ:NWTN) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 271,500 shares, an increase of 30.5% from the February 28th total of 208,000 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 118,500 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Investors Weigh In On NWTN

An institutional investor recently bought a new position in NWTN stock. Y Intercept Hong Kong Ltd bought a new stake in shares of NWTN Inc. (NASDAQ:NWTN) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 179,300 shares of the company’s stock, valued at approximately $126,000. Hedge funds and other institutional investors own 0.20% of the company’s stock.

NWTN Trading Up 4.8 %

NASDAQ NWTN traded up $0.02 on Tuesday, hitting $0.33. 40,286 shares of the stock traded hands, compared to its average volume of 176,188. The stock has a 50-day moving average of $0.56 and a 200 day moving average of $0.79. NWTN has a twelve month low of $0.30 and a twelve month high of $7.85.

NWTN Company Profile

NWTN Inc operates as a smart passenger vehicle company, provides passenger-centric mobility and green energy solutions in the United States, the United Arab Emirates, and Mainland China. The company develops electric vehicles, including Supersport coupe; and smart passenger vehicles, such as MUSE and ADA.