NaaS Technology Inc. Sponsored ADR (NASDAQ:NAAS) Short Interest Up 41.5% in January

NaaS Technology Inc. Sponsored ADR (NASDAQ:NAAS) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 104,568 shares, a growth of 41.5% from the January 15th total of 73,909 shares. Based on an average daily volume of 11,920 shares, the days-to-cover ratio is presently 8.8 days. Approximately 5.9% of the shares of the stock are sold short. Approximately 5.9% of the shares of the stock are sold short. Based on an average daily volume of 11,920 shares, the days-to-cover ratio is presently 8.8 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NaaS Technology in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NaaS Technology currently has an average rating of “Sell”.

NaaS Technology Trading Down 1.6%

NASDAQ NAAS traded down $0.04 during trading on Monday, hitting $2.53. 1,145 shares of the company’s stock were exchanged, compared to its average volume of 7,539. The company has a market cap of $5.46 million, a PE ratio of -0.03 and a beta of 0.56. NaaS Technology has a fifty-two week low of $1.96 and a fifty-two week high of $40.32. The stock’s 50 day moving average price is $3.18 and its two-hundred day moving average price is $3.32.

NaaS Technology (NASDAQ:NAAS) last posted its quarterly earnings results on Tuesday, October 14th. The company reported $0.00 earnings per share for the quarter.

NaaS Technology Company Profile

NaaS Technology, Inc is a U.S.-based network-as-a-service provider that designs, builds and operates high-performance fiber networks for enterprise customers. The company offers subscription-based connectivity solutions that combine fiber transport, software-defined wide area networking (SD-WAN) and edge computing capabilities. By leveraging its proprietary infrastructure and network orchestration platform, NaaS delivers reliable, scalable bandwidth without the capital-intensive investment typically required for on-premises networks.

The company’s product portfolio includes dedicated fiber circuits, cloud on-ramps to leading public cloud providers, private wireless solutions and managed SD-WAN services.