Short Interest in NWTN Inc. (NASDAQ:NWTN) Increases By 30.5%

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

Institutional Trading of NWTN

An institutional investor recently bought a new position in NWTN stock. Y Intercept Hong Kong Ltd bought a new stake in shares of NWTN Inc. (NASDAQ:NWTN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 179,300 shares of the company's stock, valued at approximately $126,000. 0.20% of the stock is currently owned by institutional investors and hedge funds.

NWTN Trading Up 23.0 %

Shares of NWTN stock traded up $0.08 on Friday, reaching $0.40. 21,729,645 shares of the stock were exchanged, compared to its average volume of 263,054. The firm has a 50 day moving average of $0.54 and a two-hundred day moving average of $0.78. NWTN has a 1-year low of $0.30 and a 1-year high of $7.81.

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.