Robo.ai Inc. (NASDAQ:AIIO) Short Interest Update

Robo.ai Inc. (NASDAQ:AIIO) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 2,306,540 shares, a growth of 554.7% from the April 30th total of 352,292 shares. Approximately 23.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 53,851,775 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

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

Robo.ai Stock Performance

Shares of AIIO traded down $0.14 on Friday, hitting $2.57. 1,112,616 shares of the stock traded hands, compared to its average volume of 7,239,555. Robo.ai has a 1 year low of $0.54 and a 1 year high of $56.30. The stock’s 50 day moving average is $1.75 and its two-hundred day moving average is $5.03.

Analyst Ratings Changes

Several analysts have recently issued reports on AIIO shares. Weiss Ratings started coverage on Robo.ai in a research report on Wednesday, May 13th. They issued a “sell (e+)” rating on the stock. Wall Street Zen cut Robo.ai from a “hold” rating to a “sell” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Robo.ai

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.