NWTN Inc. (NASDAQ:NWTN) Short Interest Update

NWTN Inc. (NASDAQ:NWTN) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 549,200 shares, an increase of 204.1% from the October 15th total of 180,600 shares. Based on an average daily trading volume, of 388,700 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.2% of the company’s stock are sold short.

NWTN Stock Performance

Shares of NWTN traded down $0.17 during midday trading on Wednesday, hitting $1.46. 189,734 shares of the company’s stock traded hands, compared to its average volume of 168,794. NWTN has a 1 year low of $0.53 and a 1 year high of $8.74. The firm’s fifty day moving average is $0.82 and its 200-day moving average is $1.65.

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.