Nabors Energy Transition Corp. II (NASDAQ:NETD) Short Interest Update

Nabors Energy Transition Corp. II (NASDAQ:NETD) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 18,700 shares, a drop of 62.4% from the May 15th total of 49,700 shares. Based on an average trading volume of 174,800 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Nabors Energy Transition Corp. II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in Nabors Energy Transition Corp. II in the 4th quarter worth approximately $128,000. Geode Capital Management LLC lifted its holdings in Nabors Energy Transition Corp. II by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 30,176 shares of the company’s stock worth $326,000 after purchasing an additional 2,194 shares in the last quarter. Virtu Financial LLC boosted its stake in Nabors Energy Transition Corp. II by 319.4% in the 1st quarter. Virtu Financial LLC now owns 43,976 shares of the company’s stock worth $482,000 after purchasing an additional 33,490 shares during the period. Centiva Capital LP bought a new position in Nabors Energy Transition Corp. II in the 4th quarter worth about $1,959,000. Finally, Alpine Global Management LLC purchased a new position in Nabors Energy Transition Corp. II during the 1st quarter valued at about $2,947,000. 75.52% of the stock is currently owned by institutional investors.

Nabors Energy Transition Corp. II Stock Performance

Shares of NASDAQ:NETD traded down $0.01 during midday trading on Friday, reaching $11.08. The company’s stock had a trading volume of 17,330 shares, compared to its average volume of 162,074. Nabors Energy Transition Corp. II has a fifty-two week low of $10.53 and a fifty-two week high of $11.11. The firm has a 50 day moving average price of $11.02 and a two-hundred day moving average price of $10.92. The firm has a market capitalization of $422.23 million, a price-to-earnings ratio of 50.34 and a beta of -0.02.

Nabors Energy Transition Corp. II (NASDAQ:NETD) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.02 EPS for the quarter.

About Nabors Energy Transition Corp. II

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.