NaaS Technology Inc. (NASDAQ:NAAS) Sees Large Increase in Short Interest

NaaS Technology Inc. (NASDAQ:NAAS) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 342,200 shares, a growth of 30.8% from the September 15th total of 261,600 shares. Approximately 8.3% of the company’s stock are short sold. Based on an average daily trading volume, of 2,510,000 shares, the short-interest ratio is presently 0.1 days.

NaaS Technology Trading Up 1.6 %

NASDAQ:NAAS traded up $0.06 during mid-day trading on Tuesday, hitting $3.73. The stock had a trading volume of 144,396 shares, compared to its average volume of 907,977. NaaS Technology has a twelve month low of $1.42 and a twelve month high of $74.90. The stock has a 50-day simple moving average of $3.88 and a two-hundred day simple moving average of $8.28. The company has a market capitalization of $48.04 million, a PE ratio of -0.22 and a beta of 0.87.

NaaS Technology (NASDAQ:NAAS) last announced its quarterly earnings results on Wednesday, July 24th. The company reported ($0.42) earnings per share (EPS) for the quarter. NaaS Technology had a negative net margin of 291.32% and a negative return on equity of 885.88%. The business had revenue of $12.62 million during the quarter.

NaaS Technology Company Profile

NaaS Technology Inc provides electric vehicle (EV) charging services in China. The company offers integrated online EV charging solutions to charging stations, 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.