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

NWTN logo with Business Services background

NWTN Inc. (NASDAQ:NWTN - Get Free Report) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 314,700 shares, a drop of 26.8% from the November 15th total of 430,100 shares. Approximately 0.1% of the company's shares are short sold. Based on an average daily volume of 421,500 shares, the days-to-cover ratio is currently 0.7 days.

NWTN Stock Performance

NWTN stock traded down $0.01 during trading on Friday, hitting $1.05. The company had a trading volume of 10,662 shares, compared to its average volume of 161,501. NWTN has a one year low of $0.53 and a one year high of $8.74. The business has a 50-day moving average of $0.99 and a 200-day moving average of $1.16.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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