NWTN Inc. (NASDAQ:NWTN) Short Interest Up 89.1% in May

NWTN Inc. (NASDAQ:NWTN - Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 880,400 shares, a growth of 89.1% from the April 30th total of 465,600 shares. Currently, 0.4% of the company's stock are sold short. Based on an average daily trading volume, of 1,480,000 shares, the days-to-cover ratio is presently 0.6 days.

NWTN Stock Up 21.6%

NWTN stock traded up $0.33 during midday trading on Monday, hitting $1.86. The company's stock had a trading volume of 467,504 shares, compared to its average volume of 531,415. The stock's 50-day moving average price is $0.83 and its 200 day moving average price is $0.80. NWTN has a 1 year low of $0.30 and a 1 year high of $3.56.

Institutional Trading of NWTN

A hedge fund recently bought a new stake in NWTN stock. Y Intercept Hong Kong Ltd acquired a new stake in shares of NWTN Inc. (NASDAQ:NWTN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 179,300 shares of the company's stock, valued at approximately $126,000. 0.20% of the stock is owned by institutional investors and hedge funds.

NWTN Company Profile

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.