Short Interest in NWTN Inc. (NASDAQ:NWTN) Declines By 22.0%

NWTN Inc. (NASDAQ:NWTN) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 226,900 shares, a decline of 22.0% from the December 31st total of 290,900 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 412,000 shares, the short-interest ratio is currently 0.6 days.

NWTN Price Performance

NASDAQ NWTN opened at $0.66 on Friday. The company’s 50 day moving average is $0.94 and its 200-day moving average is $0.93. NWTN has a 12-month low of $0.53 and a 12-month high of $8.74.

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.