Short Interest in NWTN Inc. (NASDAQ:NWTN) Decreases By 20.4%

NWTN Inc. (NASDAQ:NWTN) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 82,700 shares, a decrease of 20.4% from the June 30th total of 103,900 shares. Based on an average daily volume of 105,600 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the shares of the stock are sold short.

NWTN Price Performance

Shares of NWTN traded up $0.02 during midday trading on Friday, reaching $1.06. 39,503 shares of the stock were exchanged, compared to its average volume of 33,933. NWTN has a 52 week low of $1.03 and a 52 week high of $10.80. The company’s 50 day moving average is $1.88 and its two-hundred day moving average is $4.57.

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.