NaaS Technology Inc. (NASDAQ:NAAS) Short Interest Update

NaaS Technology Inc. (NASDAQ:NAASGet Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,380,000 shares, a decrease of 26.2% from the March 15th total of 1,870,000 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average trading volume of 1,210,000 shares, the days-to-cover ratio is presently 1.1 days.

NaaS Technology Price Performance

Shares of NASDAQ:NAAS traded down $0.04 during trading on Friday, reaching $1.05. 734,829 shares of the company traded hands, compared to its average volume of 924,966. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 3.26. NaaS Technology has a 52 week low of $1.04 and a 52 week high of $12.04. The firm has a market capitalization of $270.46 million, a PE ratio of -1.33 and a beta of 1.11. The company’s 50 day moving average is $1.39 and its two-hundred day moving average is $1.97.

Hedge Funds Weigh In On NaaS Technology

A number of institutional investors have recently modified their holdings of the business. Laidlaw Wealth Management LLC raised its holdings in shares of NaaS Technology by 242.8% during the 4th quarter. Laidlaw Wealth Management LLC now owns 193,414 shares of the company’s stock worth $294,000 after buying an additional 137,000 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of NaaS Technology during the 2nd quarter worth $537,000. Pathstone Holdings LLC acquired a new position in NaaS Technology in the 4th quarter worth about $99,000. Jane Street Group LLC acquired a new position in NaaS Technology in the 1st quarter worth about $672,000. Finally, Citadel Advisors LLC acquired a new position in NaaS Technology in the 2nd quarter worth about $246,000. Institutional investors and hedge funds own 1.83% of the company’s stock.

About NaaS Technology

(Get Free Report)

NaaS Technology Inc provides electric vehicle (EV) charging services in China. The company offers online EV charging solutions, including mobility connectivity services through Kuaidian; SaaS products, such as traffic support and management, marketing, payment, chargers' management, order management, load management, and membership management.

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