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

NWTN Inc. (NASDAQ:NWTN) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 430,100 shares, a decline of 21.7% from the October 31st total of 549,200 shares. Based on an average daily trading volume, of 415,400 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.2% of the company’s stock are sold short.

NWTN Stock Down 3.2 %

NASDAQ:NWTN traded down $0.04 during trading hours on Friday, hitting $1.20. 41,761 shares of the company’s stock traded hands, compared to its average volume of 159,297. The stock’s fifty day moving average price is $0.92 and its two-hundred day moving average price is $1.33. NWTN has a twelve month low of $0.53 and a twelve month high of $8.74.

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.