Robo.ai Inc. (NASDAQ:AIIO) Short Interest Update

Robo.ai Inc. (NASDAQ:AIIO) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,266,541 shares, a decline of 38.7% from the July 30th total of 2,066,344 shares. Based on an average trading volume of 564,589 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.4% of the company’s stock are sold short.

Analyst Ratings Changes

A number of brokerages have commented on AIIO. Weiss Ratings raised shares of Robo.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 25th. Wall Street Zen raised shares of Robo.ai from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Robo.ai has a consensus rating of “Sell”.

Robo.ai Price Performance

Shares of Robo.ai stock opened at $2.05 on Wednesday. Robo.ai has a 1 year low of $0.54 and a 1 year high of $56.30. The company’s fifty day moving average is $3.30 and its two-hundred day moving average is $2.59.

Hedge Funds Weigh In On Robo.ai

A hedge fund recently raised its stake in Robo.ai stock. Geode Capital Management LLC boosted its stake in shares of Robo.ai Inc. (NASDAQ:AIIO) by 16.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220,348 shares of the company’s stock after acquiring an additional 31,004 shares during the quarter. Geode Capital Management LLC owned about 0.09% of Robo.ai worth $353,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.20% of the company’s stock.

Robo.ai 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. It integrates design, life-style personalization, IoT connectivity, autonomous driving technology, and green energy eco-systems for future mobility solutions. The company also involved in the wholesale and retail of vehicles; and provision of business management, operations, commercialization, as well as design and technology development services.