NWTN Inc. (NASDAQ:NWTN) Short Interest Up 85.1% in July

Key Points

• Short interest in NWTN Inc. increased by 85.1% from mid-July to the end of July, reaching a total of 546,400 shares. Currently, just 0.3% of the company's shares are sold short.
• Wall Street analysts have rated NWTN as a "hold", while a hedge fund increased its stake in the company by 16.4% during the second quarter.
• NWTN's stock performance shows it traded at $1.14 with a market range of a 12-month low of $0.30 and a high of $3.48.

NWTN Inc. (NASDAQ:NWTN - Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 546,400 shares, agrowthof85.1% from the July 15th total of 295,200 shares. Based on an average daily trading volume, of 1,210,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately0.3% of the shares of the company are short sold. Approximately0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,210,000 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded NWTN to a "hold" rating in a research note on Friday, June 27th.

Hedge Funds Weigh In On NWTN

An institutional investor recently raised its position in NWTN stock. Geode Capital Management LLC increased its holdings in NWTN Inc. (NASDAQ:NWTN - Free Report) by 16.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 220,348 shares of the company's stock after purchasing an additional 31,004 shares during the quarter. Geode Capital Management LLC owned 0.09% of NWTN worth $353,000 at the end of the most recent reporting period. 0.20% of the stock is owned by institutional investors and hedge funds.

NWTN Stock Performance

NASDAQ NWTN traded up $0.01 during trading hours on Friday, reaching $1.11. The company's stock had a trading volume of 20,373 shares, compared to its average volume of 374,302. NWTN has a 1-year low of $0.2964 and a 1-year high of $3.4799. The company's 50-day moving average is $1.50 and its two-hundred day moving average is $1.05.

About NWTN

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.