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

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

Nabors Energy Transition Corp. II Trading Down 0.1 %

NETD stock traded down $0.01 during trading hours on Friday, hitting $10.96. 96,609 shares of the stock traded hands, compared to its average volume of 25,884. The stock has a 50-day simple moving average of $10.83 and a 200 day simple moving average of $10.72. Nabors Energy Transition Corp. II has a one year low of $10.38 and a one year high of $11.10.

Hedge Funds Weigh In On Nabors Energy Transition Corp. II

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wolverine Asset Management LLC acquired a new position in shares of Nabors Energy Transition Corp. II in the 3rd quarter valued at $6,599,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Nabors Energy Transition Corp. II in the 3rd quarter valued at $2,130,000. Geode Capital Management LLC boosted its position in shares of Nabors Energy Transition Corp. II by 51.9% in the 3rd quarter. Geode Capital Management LLC now owns 27,982 shares of the company’s stock valued at $298,000 after purchasing an additional 9,557 shares during the period. Berkley W R Corp boosted its position in shares of Nabors Energy Transition Corp. II by 1.7% in the 3rd quarter. Berkley W R Corp now owns 489,266 shares of the company’s stock valued at $5,216,000 after purchasing an additional 8,100 shares during the period. Finally, Westchester Capital Management LLC boosted its position in shares of Nabors Energy Transition Corp. II by 260.4% in the 3rd quarter. Westchester Capital Management LLC now owns 1,434,365 shares of the company’s stock valued at $15,276,000 after purchasing an additional 1,036,334 shares during the period. Institutional investors and hedge funds own 75.52% of the company’s stock.

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.