Robo.ai Inc. (NASDAQ:AIIO) Sees Significant Decline in Short Interest

Robo.ai Inc. (NASDAQ:AIIO) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,266,541 shares, a decrease of 38.7% from the July 30th total of 2,066,344 shares. Based on an average trading volume of 564,589 shares, the short-interest ratio is presently 2.2 days. Approximately 1.4% of the shares of the company are short sold.

Robo.ai Stock Performance

Robo.ai stock opened at $2.27 on Monday. The firm has a 50 day simple moving average of $3.34 and a 200 day simple moving average of $2.61. Robo.ai has a 1-year low of $0.54 and a 1-year high of $56.30.

Institutional Trading of Robo.ai

A hedge fund recently raised its stake in Robo.ai stock. Geode Capital Management LLC boosted its stake in Robo.ai Inc. (NASDAQ:AIIO) by 16.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 220,348 shares of the company’s stock after purchasing an additional 31,004 shares during the quarter. Geode Capital Management LLC owned approximately 0.09% of Robo.ai worth $353,000 as of its most recent filing with the Securities & Exchange Commission. 0.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings raised Robo.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 25th. Wall Street Zen raised Robo.ai from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Robo.ai Company Profile

NWTN Inc operates as a smart passenger vehicle company, provides passenger-centric mobility and green energy solutions in the United States, the United Arab Emirates, and Mainland China. The company develops electric vehicles, including Supersport coupe; and smart passenger vehicles, such as MUSE and ADA. It integrates design, life-style personalization, IoT connectivity, autonomous driving technology, and green energy eco-systems for future mobility solutions. The company also involved in the wholesale and retail of vehicles; and provision of business management, operations, commercialization, as well as design and technology development services.