Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 7,400 shares, an increase of 21.3% from the January 15th total of 6,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 35,600 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Investors Weigh In On Nabors Energy Transition Corp. II
A number of institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank purchased a new stake in Nabors Energy Transition Corp. II during the 4th quarter worth $13,661,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Nabors Energy Transition Corp. II by 5.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,459,229 shares of the company's stock valued at $15,760,000 after buying an additional 75,000 shares during the last quarter. Centiva Capital LP bought a new position in shares of Nabors Energy Transition Corp. II during the fourth quarter worth about $1,959,000. Bulldog Investors LLP grew its stake in Nabors Energy Transition Corp. II by 14.0% in the fourth quarter. Bulldog Investors LLP now owns 281,360 shares of the company's stock worth $3,043,000 after purchasing an additional 34,454 shares in the last quarter. Finally, Berkley W R Corp raised its position in shares of Nabors Energy Transition Corp. II by 15.7% during the 4th quarter. Berkley W R Corp now owns 565,987 shares of the company's stock valued at $6,113,000 after acquiring an additional 76,721 shares in the last quarter. 75.52% of the stock is currently owned by hedge funds and other institutional investors.
Nabors Energy Transition Corp. II Price Performance
Shares of NASDAQ NETD traded down $0.01 during trading on Wednesday, hitting $10.95. 526,160 shares of the company were exchanged, compared to its average volume of 331,560. The firm's fifty day moving average price is $10.84 and its 200 day moving average price is $10.73. Nabors Energy Transition Corp. II has a 1 year low of $10.38 and a 1 year high of $11.10.
Nabors Energy Transition Corp. II Company Profile
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Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.
Further Reading
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