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

NaaS Technology Inc. (NASDAQ:NAAS) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 832,900 shares, a decrease of 16.3% from the April 15th total of 995,100 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 1,120,000 shares, the short-interest ratio is presently 0.7 days.

NaaS Technology Stock Down 7.1 %

Shares of NAAS opened at $0.65 on Wednesday. NaaS Technology has a 1-year low of $0.61 and a 1-year high of $8.39. The company has a current ratio of 1.15, a quick ratio of 1.12 and a debt-to-equity ratio of 3.26. The firm has a fifty day simple moving average of $1.07 and a two-hundred day simple moving average of $1.56.

NaaS Technology (NASDAQ:NAAS) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.07) earnings per share (EPS) for the quarter. NaaS Technology had a negative net margin of 376.49% and a negative return on equity of 885.88%. The firm had revenue of $13.33 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. EWA LLC bought a new stake in shares of NaaS Technology during the 4th quarter valued at $29,000. Bristlecone Advisors LLC bought a new stake in NaaS Technology during the fourth quarter valued at about $27,000. Finally, Laidlaw Wealth Management LLC increased its position in NaaS Technology by 242.8% in the fourth 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. 1.83% of the stock is currently owned by institutional investors.

NaaS Technology Company Profile

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.