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

NaaS Technology Inc. Sponsored ADR (NASDAQ:NAAS) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 118,552 shares, a growth of 49.8% from the November 30th total of 79,135 shares. Approximately 6.7% of the company’s shares are short sold. Based on an average daily volume of 47,571 shares, the short-interest ratio is currently 2.5 days. Based on an average daily volume of 47,571 shares, the short-interest ratio is currently 2.5 days. Approximately 6.7% of the company’s shares are short sold.

NaaS Technology Stock Performance

Shares of NaaS Technology stock traded down $0.11 during trading hours on Monday, reaching $3.40. 6,523 shares of the company were exchanged, compared to its average volume of 140,010. The firm has a market cap of $7.33 million, a PE ratio of -0.02 and a beta of 0.56. NaaS Technology has a 1 year low of $1.96 and a 1 year high of $40.32. The stock’s fifty day moving average is $3.56 and its 200 day moving average is $3.36.

NaaS Technology (NASDAQ:NAAS) last released its earnings results on Tuesday, October 14th. The company reported $0.00 EPS for the quarter.

Analysts Set New Price Targets

NAAS has been the topic of a number of research reports. Weiss Ratings restated a “sell (e+)” rating on shares of NaaS Technology in a research note on Wednesday, October 8th. Wall Street Zen upgraded NaaS Technology from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

NaaS Technology Company Profile

NaaS Technology, Inc is a U.S.-based network-as-a-service provider that designs, builds and operates high-performance fiber networks for enterprise customers. The company offers subscription-based connectivity solutions that combine fiber transport, software-defined wide area networking (SD-WAN) and edge computing capabilities. By leveraging its proprietary infrastructure and network orchestration platform, NaaS delivers reliable, scalable bandwidth without the capital-intensive investment typically required for on-premises networks.

The company’s product portfolio includes dedicated fiber circuits, cloud on-ramps to leading public cloud providers, private wireless solutions and managed SD-WAN services.