Nabors Energy Transition Corp. II (NASDAQ:NETD – Get Free Report) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 70,700 shares, an increase of 20.4% from the July 31st total of 58,700 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 132,900 shares, the short-interest ratio is presently 0.5 days.
Nabors Energy Transition Corp. II Stock Performance
Shares of NASDAQ:NETD opened at $10.62 on Friday. The company’s 50 day moving average price is $10.59 and its two-hundred day moving average price is $10.52. Nabors Energy Transition Corp. II has a 12-month low of $10.12 and a 12-month high of $11.00.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Picton Mahoney Asset Management grew its position in shares of Nabors Energy Transition Corp. II by 55.6% during the 1st quarter. Picton Mahoney Asset Management now owns 1,400,000 shares of the company’s stock worth $14,560,000 after purchasing an additional 500,000 shares in the last quarter. Karpus Management Inc. grew its position in shares of Nabors Energy Transition Corp. II by 169.5% during the 4th quarter. Karpus Management Inc. now owns 828,675 shares of the company’s stock worth $8,602,000 after purchasing an additional 521,175 shares in the last quarter. Wealthspring Capital LLC boosted its position in shares of Nabors Energy Transition Corp. II by 40.3% during the 1st quarter. Wealthspring Capital LLC now owns 536,912 shares of the company’s stock worth $5,584,000 after acquiring an additional 154,125 shares in the last quarter. Berkley W R Corp boosted its position in shares of Nabors Energy Transition Corp. II by 106.5% during the 2nd quarter. Berkley W R Corp now owns 481,166 shares of the company’s stock worth $5,067,000 after acquiring an additional 248,150 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in shares of Nabors Energy Transition Corp. II during the 4th quarter worth approximately $4,689,000. Institutional investors and hedge funds own 75.52% of the company’s stock.
About Nabors Energy Transition Corp. II
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.
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