noco-noco (NASDAQ:NCNC) Shares Down 3%

noco-noco Inc. (NASDAQ:NCNC) was down 3% during mid-day trading on Wednesday . The stock traded as low as $0.22 and last traded at $0.22. Approximately 66,395 shares changed hands during trading, a decline of 91% from the average daily volume of 722,164 shares. The stock had previously closed at $0.23.

noco-noco Stock Performance

The company’s fifty day moving average is $0.23 and its 200-day moving average is $0.26.

Hedge Funds Weigh In On noco-noco

Several large investors have recently bought and sold shares of NCNC. Meteora Capital LLC acquired a new position in noco-noco during the 3rd quarter valued at $2,361,000. Saba Capital Management L.P. acquired a new position in noco-noco during the 3rd quarter valued at $74,000. Finally, ATW Spac Management LLC acquired a new position in noco-noco during the 3rd quarter valued at $66,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

About noco-noco

noco-noco Inc operates as an early-stage decarbonization solution provider in Asia. The company engages in manufacturing and leasing battery products, including batteries and BEVs to commercial transportation companies, and of ESS to renewable power plants and other power plants requiring grid stabilization and backup power; and the provision of carbon abatement solutions for landowners and carbon credit sales.