NWTN Inc. (NASDAQ:NWTN - Get Free Report) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 520,100 shares, a growth of 83.3% from the March 31st total of 283,800 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 478,600 shares, the short-interest ratio is presently 1.1 days.
Hedge Funds Weigh In On NWTN
An institutional investor recently bought a new position in NWTN stock. Y Intercept Hong Kong Ltd bought 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 and Exchange Commission. The fund bought 179,300 shares of the company's stock, valued at approximately $126,000. 0.20% of the stock is currently owned by institutional investors and hedge funds.
NWTN Trading Up 2.6 %
Shares of NWTN traded up $0.01 during mid-day trading on Friday, reaching $0.40. 57,528 shares of the company's stock were exchanged, compared to its average volume of 270,816. NWTN has a 52-week low of $0.30 and a 52-week high of $5.99. The company has a 50-day simple moving average of $0.42 and a two-hundred day simple moving average of $0.74.
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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