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

NWTN Inc. (NASDAQ:NWTN) saw a significant increase in short interest in 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. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 118,500 shares, the days-to-cover ratio is presently 2.3 days.

NWTN Stock Up 4.8 %

Shares of NWTN stock traded up $0.02 during trading on Tuesday, hitting $0.33. 40,286 shares of the stock were exchanged, compared to its average volume of 176,188. NWTN has a 12 month low of $0.30 and a 12 month high of $7.85. The stock’s fifty day moving average is $0.56 and its 200 day moving average is $0.79.

Institutional Inflows and Outflows

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