Short Interest in Nabors Energy Transition Corp. II (NASDAQ:NETD) Declines By 56.4%

Nabors Energy Transition Corp. II (NASDAQ:NETD) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 17,900 shares, a decline of 56.4% from the August 31st total of 41,100 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 136,800 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Nabors Energy Transition Corp. II

Hedge funds have recently made changes to their positions in the company. Shaolin Capital Management LLC increased its stake in shares of Nabors Energy Transition Corp. II by 140.0% in the second quarter. Shaolin Capital Management LLC now owns 360,000 shares of the company’s stock worth $3,791,000 after purchasing an additional 210,000 shares in the last quarter. Berkley W R Corp grew its stake in Nabors Energy Transition Corp. II by 106.5% in the 2nd quarter. Berkley W R Corp now owns 481,166 shares of the company’s stock valued at $5,067,000 after buying an additional 248,150 shares in the last quarter. Clear Street LLC bought a new stake in Nabors Energy Transition Corp. II during the 2nd quarter valued at $536,000. Dakota Wealth Management purchased a new stake in shares of Nabors Energy Transition Corp. II during the second quarter worth $558,000. Finally, Virtu Financial LLC boosted its holdings in shares of Nabors Energy Transition Corp. II by 413.2% in the first quarter. Virtu Financial LLC now owns 76,170 shares of the company’s stock worth $792,000 after acquiring an additional 61,327 shares during the period. 75.52% of the stock is currently owned by institutional investors.

Nabors Energy Transition Corp. II Trading Down 0.1 %

Shares of NETD stock traded down $0.01 during trading hours on Thursday, hitting $10.65. 5,936 shares of the company were exchanged, compared to its average volume of 137,829. The firm has a fifty day simple moving average of $10.62 and a 200 day simple moving average of $10.55. Nabors Energy Transition Corp. II has a 52-week low of $10.17 and a 52-week high of $10.88.

Nabors Energy Transition Corp. II Company Profile

Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.