NWTN Inc. (NASDAQ:NWTN - Get Free Report) was the recipient of 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. Based on an average trading volume of 478,600 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the shares of the company are sold short.
NWTN Price Performance
NASDAQ NWTN traded up $0.01 during trading on Friday, reaching $0.40. 29,737 shares of the company's stock were exchanged, compared to its average volume of 268,697. NWTN has a fifty-two week low of $0.30 and a fifty-two week high of $6.25. The business has a 50 day moving average price of $0.43 and a 200-day moving average price of $0.74.
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 its most recent 13F filing with the Securities and Exchange Commission. The fund bought 179,300 shares of the company's stock, valued at approximately $126,000. 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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