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

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Robo.ai stock. Geode Capital Management LLC increased its stake in shares of Robo.ai Inc. (NASDAQ:AIIO) by 16.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 220,348 shares of the company’s stock after buying an additional 31,004 shares during the quarter. Geode Capital Management LLC owned about 0.09% of Robo.ai worth $353,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.20% of the company’s stock.

Robo.ai Trading Down 12.5%

Shares of NASDAQ:AIIO opened at $2.37 on Friday. The company’s fifty day moving average price is $1.75 and its 200 day moving average price is $5.01. Robo.ai has a 12 month low of $0.54 and a 12 month high of $56.30.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Weiss Ratings assumed coverage on Robo.ai in a research note on Wednesday, May 13th. They set a “sell (e+)” rating for the company. Wall Street Zen cut Robo.ai from a “hold” rating to a “sell” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, 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.