Nabors Energy Transition Corp. II (NASDAQ:NETD) Sees Large Increase in Short Interest

Nabors Energy Transition Corp. II (NASDAQ:NETD) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 7,400 shares, an increase of 21.3% from the January 15th total of 6,100 shares. Based on an average trading volume of 35,600 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Nabors Energy Transition Corp. II Stock Performance

Shares of NETD stock traded down $0.01 on Friday, hitting $10.96. 96,609 shares of the stock traded hands, compared to its average volume of 25,884. Nabors Energy Transition Corp. II has a 1-year low of $10.38 and a 1-year high of $11.10. The company’s fifty day moving average is $10.83 and its 200 day moving average is $10.72.

Institutional Investors Weigh In On Nabors Energy Transition Corp. II

Several large investors have recently added to or reduced their stakes in NETD. Westchester Capital Management LLC increased its position in Nabors Energy Transition Corp. II by 260.4% in the third quarter. Westchester Capital Management LLC now owns 1,434,365 shares of the company’s stock worth $15,276,000 after buying an additional 1,036,334 shares during the period. Wolverine Asset Management LLC acquired a new stake in Nabors Energy Transition Corp. II in the third quarter worth $6,599,000. Decagon Asset Management LLP acquired a new stake in Nabors Energy Transition Corp. II in the fourth quarter worth $5,184,000. Mizuho Securities USA LLC acquired a new stake in Nabors Energy Transition Corp. II in the fourth quarter worth $2,954,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Nabors Energy Transition Corp. II in the third quarter worth $2,130,000. 75.52% of the stock is owned by institutional investors and hedge funds.

Nabors Energy Transition Corp. II Company Profile

Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.