NWTN Inc. (NASDAQ:NWTN) Short Interest Update

NWTN Inc. (NASDAQ:NWTN) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 271,500 shares, an increase of 30.5% from the February 28th total of 208,000 shares. Based on an average daily volume of 118,500 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.1% of the company’s shares are sold short.

NWTN Stock Down 20.3 %

NWTN traded down $0.08 during trading on Monday, reaching $0.32. The company had a trading volume of 109,590 shares, compared to its average volume of 176,405. The business has a 50 day simple moving average of $0.57 and a 200-day simple moving average of $0.80. NWTN has a 52 week low of $0.28 and a 52 week high of $8.74.

Institutional Investors Weigh In On NWTN

A hedge fund recently bought a new stake in NWTN stock. Y Intercept Hong Kong Ltd acquired a new position in NWTN Inc. (NASDAQ:NWTN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 179,300 shares of the company’s stock, valued at approximately $126,000. Institutional investors and hedge funds own 0.20% of the company’s stock.

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.