Short Interest in Nabors Energy Transition Corp. II (NASDAQ:NETD) Declines By 62.4%

Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 18,700 shares, a drop of 62.4% from the May 15th total of 49,700 shares. Currently, 0.1% of the company's shares are short sold. Based on an average daily volume of 174,800 shares, the days-to-cover ratio is presently 0.1 days.

Nabors Energy Transition Corp. II Trading Down 0.1%

Shares of Nabors Energy Transition Corp. II stock traded down $0.01 during trading hours on Friday, reaching $11.07. The stock had a trading volume of 24,430 shares, compared to its average volume of 159,169. The firm has a market capitalization of $422.04 million, a price-to-earnings ratio of 50.32 and a beta of -0.02. Nabors Energy Transition Corp. II has a 1 year low of $10.53 and a 1 year high of $11.11. The firm has a 50 day simple moving average of $11.02 and a two-hundred day simple moving average of $10.92.

Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.02 EPS for the quarter.

Institutional Investors Weigh In On Nabors Energy Transition Corp. II

A number of hedge funds have recently bought and sold shares of NETD. Quarry LP acquired a new stake in Nabors Energy Transition Corp. II during the 4th quarter valued at approximately $128,000. Geode Capital Management LLC grew its stake in Nabors Energy Transition Corp. II by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 30,176 shares of the company's stock valued at $326,000 after purchasing an additional 2,194 shares in the last quarter. Virtu Financial LLC grew its stake in Nabors Energy Transition Corp. II by 319.4% during the 1st 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 in the last quarter. Centiva Capital LP acquired a new stake in Nabors Energy Transition Corp. II during the 4th quarter valued at approximately $1,959,000. Finally, Alpine Global Management LLC acquired a new stake in Nabors Energy Transition Corp. II during the 1st quarter valued at approximately $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.