NWTN Inc. (NASDAQ:NWTN) Sees Large Decrease in Short Interest

NWTN Inc. (NASDAQ:NWTN) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 226,900 shares, a drop of 22.0% from the December 31st total of 290,900 shares. Based on an average trading volume of 412,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

NWTN Trading Down 4.3 %

Shares of NWTN stock traded down $0.03 during trading hours on Friday, hitting $0.63. 2,681 shares of the company were exchanged, compared to its average volume of 28,033. The firm has a fifty day simple moving average of $0.93 and a 200 day simple moving average of $0.92. NWTN has a 52-week low of $0.53 and a 52-week high of $8.74.

About NWTN

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.