Short Interest in Nabors Energy Transition Corp. II (NASDAQ:NETD) Drops By 28.6%

Nabors Energy Transition Corp. II (NASDAQ:NETD) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 500 shares, a decrease of 28.6% from the August 31st total of 700 shares. Based on an average trading volume of 89,100 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 89,100 shares, the short-interest ratio is currently 0.0 days.

Nabors Energy Transition Corp. II Price Performance

NASDAQ NETD opened at $11.23 on Thursday. The stock has a market capitalization of $239.76 million, a PE ratio of 59.11 and a beta of -0.02. Nabors Energy Transition Corp. II has a 1 year low of $10.64 and a 1 year high of $11.47. The business’s 50-day moving average is $11.26 and its 200 day moving average is $11.13.

Nabors Energy Transition Corp. II (NASDAQ:NETD) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.06 earnings per share for the quarter.

Insider Activity at Nabors Energy Transition Corp. II

In other news, major shareholder Mizuho Securities Usa Llc sold 565,000 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $11.18, for a total value of $6,316,700.00. Following the completion of the transaction, the insider directly owned 1,235,000 shares of the company’s stock, valued at $13,807,300. This trade represents a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 20.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Nabors Energy Transition Corp. II

Hedge funds have recently added to or reduced their stakes in the company. Radcliffe Capital Management L.P. purchased a new stake in Nabors Energy Transition Corp. II during the 2nd quarter valued at $2,775,000. Berkley W R Corp boosted its holdings in shares of Nabors Energy Transition Corp. II by 184.8% during the 2nd quarter. Berkley W R Corp now owns 1,542,099 shares of the company’s stock valued at $17,117,000 after purchasing an additional 1,000,573 shares during the last quarter. Shaolin Capital Management LLC boosted its holdings in shares of Nabors Energy Transition Corp. II by 100.0% during the 2nd quarter. Shaolin Capital Management LLC now owns 200,000 shares of the company’s stock valued at $2,220,000 after purchasing an additional 100,000 shares during the last quarter. Clear Street LLC raised its position in shares of Nabors Energy Transition Corp. II by 116,901.2% during the 2nd quarter. Clear Street LLC now owns 98,281 shares of the company’s stock valued at $1,091,000 after buying an additional 98,197 shares in the last quarter. Finally, DLD Asset Management LP purchased a new stake in shares of Nabors Energy Transition Corp. II during the 2nd quarter valued at about $9,016,000. 75.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Nabors Energy Transition Corp. II in a report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

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.