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NWTN Inc. (NASDAQ:NWTN) Sees Large Increase in Short Interest

NWTN logo with Business Services background

NWTN Inc. (NASDAQ:NWTN - Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 186,400 shares, an increase of 94.4% from the September 15th total of 95,900 shares. Based on an average daily volume of 48,800 shares, the days-to-cover ratio is presently 3.8 days. Approximately 0.1% of the shares of the stock are sold short.

NWTN Trading Down 5.7 %

Shares of NWTN stock traded down $0.04 during trading hours on Friday, reaching $0.66. The company's stock had a trading volume of 5,577 shares, compared to its average volume of 66,167. The firm's 50 day simple moving average is $0.86 and its 200-day simple moving average is $2.68. NWTN has a fifty-two week low of $0.59 and a fifty-two week high of $10.00.

About NWTN

(Get Free Report)

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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