Nabors Energy Transition Corp. II (NASDAQ:NETD) Short Interest Down 22.2% in August

Key Points

• Nabors Energy Transition Corp. II experienced a 22.2% decline in short interest during August, with total short interest dropping to 700 shares as of August 31st.
• The company's stock opened at $11.24, with a market cap of approximately $239.87 million and a P/E ratio of 59.13.
• Significant institutional investments included Virtu Financial increasing its holdings by 319.4%, and Clear Street LLC by 116,901.2%, indicating strong confidence in the company.

Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 700 shares, a decline of 22.2% from the August 15th total of 900 shares. Based on an average daily trading volume, of 145,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 145,100 shares, the days-to-cover ratio is currently 0.0 days.

Nabors Energy Transition Corp. II Price Performance

Shares of NASDAQ:NETD opened at $11.24 on Thursday. The stock has a market cap of $239.87 million, a P/E ratio of 59.13 and a beta of -0.02. The firm has a fifty day moving average price of $11.23 and a 200 day moving average price of $11.09. Nabors Energy Transition Corp. II has a 1-year low of $10.64 and a 1-year high of $11.47.

Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.06 earnings per share for the quarter.

Insiders Place Their Bets

In other Nabors Energy Transition Corp. II news, major shareholder Mizuho Securities Usa Llc sold 565,000 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $11.18, for a total value of $6,316,700.00. Following the completion of the sale, the insider owned 1,235,000 shares in the company, valued at approximately $13,807,300. The trade was a 31.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 20.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC increased its holdings in shares of Nabors Energy Transition Corp. II by 319.4% in the first quarter. Virtu Financial LLC now owns 43,976 shares of the company's stock valued at $482,000 after purchasing an additional 33,490 shares during the period. Clear Street LLC increased its holdings in shares of Nabors Energy Transition Corp. II by 116,901.2% in the second quarter. Clear Street LLC now owns 98,281 shares of the company's stock valued at $1,091,000 after purchasing an additional 98,197 shares during the period. Shaolin Capital Management LLC increased its holdings in shares of Nabors Energy Transition Corp. II by 100.0% in the second quarter. Shaolin Capital Management LLC now owns 200,000 shares of the company's stock valued at $2,220,000 after purchasing an additional 100,000 shares during the period. Radcliffe Capital Management L.P. acquired a new stake in Nabors Energy Transition Corp. II in the second quarter valued at about $2,775,000. Finally, Alpine Global Management LLC acquired a new stake in Nabors Energy Transition Corp. II in the first quarter valued at about $2,947,000. Institutional investors and hedge funds own 75.52% of the company's stock.

Nabors Energy Transition Corp. II Company Profile

Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.

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