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

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

Institutional Trading of NWTN

An institutional investor recently bought a new position in NWTN stock. Y Intercept Hong Kong Ltd purchased a new stake in NWTN Inc. (NASDAQ:NWTN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 179,300 shares of the company’s stock, valued at approximately $126,000. 0.20% of the stock is owned by institutional investors and hedge funds.

NWTN Stock Down 0.3 %

Shares of NWTN stock traded down $0.00 during midday trading on Wednesday, reaching $0.33. 34,193 shares of the company’s stock traded hands, compared to its average volume of 175,625. NWTN has a 52 week low of $0.30 and a 52 week high of $7.85. The company’s 50 day simple moving average is $0.56 and its 200 day simple moving average is $0.79.

About NWTN

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.