NWTN Inc. (NASDAQ:NWTN - Get Free Report) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 562,900 shares, a decrease of 36.1% from the May 15th total of 880,400 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 1,550,000 shares, the short-interest ratio is presently 0.4 days.
NWTN Stock Performance
Shares of NWTN stock traded down $0.10 on Tuesday, hitting $1.79. The stock had a trading volume of 157,134 shares, compared to its average volume of 532,788. The stock has a 50 day moving average of $1.12 and a 200 day moving average of $0.85. NWTN has a twelve month low of $0.30 and a twelve month high of $3.48.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in NWTN stock. Y Intercept Hong Kong Ltd purchased a new stake in NWTN Inc. (NASDAQ:NWTN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 179,300 shares of the company's stock, valued at approximately $126,000. Hedge funds and other institutional investors own 0.20% of the company's stock.
About NWTN
(
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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.
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