Robo.ai Inc. (NASDAQ:AIIO) Short Interest Up 554.7% in May

Robo.ai Inc. (NASDAQ:AIIO) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 2,306,540 shares, a growth of 554.7% from the April 30th total of 352,292 shares. Currently, 23.1% of the shares of the stock are short sold. Based on an average trading volume of 53,851,775 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

AIIO has been the topic of a number of research analyst reports. Wall Street Zen downgraded Robo.ai from a “hold” rating to a “sell” rating in a research report on Thursday, May 14th. Weiss Ratings started coverage on Robo.ai in a report on Wednesday, May 13th. They set a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Robo.ai Stock Performance

NASDAQ:AIIO opened at $2.87 on Thursday. Robo.ai has a fifty-two week low of $0.54 and a fifty-two week high of $56.30. The stock’s fifty day moving average is $1.75 and its 200 day moving average is $5.08.

Hedge Funds Weigh In On Robo.ai

A hedge fund recently raised its stake in Robo.ai stock. Geode Capital Management LLC raised its stake in Robo.ai Inc. (NASDAQ:AIIO) by 16.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 220,348 shares of the company’s stock after purchasing an additional 31,004 shares during the period. Geode Capital Management LLC owned 0.09% of Robo.ai worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.20% of the company’s stock.

About Robo.ai

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.