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

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

NaaS Technology Price Performance

NaaS Technology stock traded up $0.06 during midday trading on Tuesday, reaching $3.73. The company’s stock had a trading volume of 144,396 shares, compared to its average volume of 907,977. NaaS Technology has a 52-week low of $1.42 and a 52-week high of $74.90. The stock has a market capitalization of $48.04 million, a P/E ratio of -0.22 and a beta of 0.87. The stock’s 50-day simple moving average is $3.88 and its 200-day simple moving average is $8.28.

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

About NaaS Technology

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.