Nabors Energy Transition Corp. II (NASDAQ:NETD) Short Interest Down 62.4% in May

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

Hedge Funds Weigh In On Nabors Energy Transition Corp. II

A number of institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in Nabors Energy Transition Corp. II during the fourth quarter worth about $128,000. Geode Capital Management LLC increased its holdings in shares of 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 valued at $326,000 after purchasing an additional 2,194 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of 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 valued at $482,000 after purchasing an additional 33,490 shares during the period. Centiva Capital LP acquired a new position in shares of Nabors Energy Transition Corp. II in the 4th quarter valued at $1,959,000. Finally, Alpine Global Management LLC purchased a new stake in Nabors Energy Transition Corp. II during the first quarter worth $2,947,000. 75.52% of the stock is owned by hedge funds and other institutional investors.

Nabors Energy Transition Corp. II Trading Down 0.0%

Nabors Energy Transition Corp. II stock traded down $0.01 during mid-day trading on Friday, hitting $11.08. The company had a trading volume of 17,330 shares, compared to its average volume of 162,074. The company has a market capitalization of $422.23 million, a PE ratio of 50.34 and a beta of -0.02. Nabors Energy Transition Corp. II has a 12 month low of $10.53 and a 12 month high of $11.11. The stock’s 50 day moving average price is $11.02 and its two-hundred day moving average price is $10.92.

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

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.