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

Nabors Energy Transition Corp. II (NASDAQ:NETD) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 70,700 shares, a growth of 20.4% from the July 31st total of 58,700 shares. Based on an average daily trading volume, of 132,900 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Nabors Energy Transition Corp. II

A number of hedge funds have recently made changes to their positions in NETD. Karpus Management Inc. increased its position in Nabors Energy Transition Corp. II by 169.5% in the 4th quarter. Karpus Management Inc. now owns 828,675 shares of the company’s stock valued at $8,602,000 after acquiring an additional 521,175 shares during the period. Picton Mahoney Asset Management grew its stake in shares of Nabors Energy Transition Corp. II by 55.6% in the first quarter. Picton Mahoney Asset Management now owns 1,400,000 shares of the company’s stock worth $14,560,000 after purchasing an additional 500,000 shares in the last quarter. Alberta Investment Management Corp acquired a new position in shares of Nabors Energy Transition Corp. II during the fourth quarter valued at $4,689,000. Cohanzick Management LLC raised its stake in shares of Nabors Energy Transition Corp. II by 1,500.0% during the fourth quarter. Cohanzick Management LLC now owns 320,000 shares of the company’s stock valued at $3,330,000 after purchasing an additional 300,000 shares in the last quarter. Finally, Berkley W R Corp lifted its holdings in Nabors Energy Transition Corp. II by 106.5% in the second quarter. Berkley W R Corp now owns 481,166 shares of the company’s stock worth $5,067,000 after purchasing an additional 248,150 shares during the period. Institutional investors own 75.52% of the company’s stock.

Nabors Energy Transition Corp. II Price Performance

Shares of NASDAQ NETD opened at $10.62 on Friday. The business’s fifty day moving average price is $10.59 and its two-hundred day moving average price is $10.52. Nabors Energy Transition Corp. II has a 1-year low of $10.12 and a 1-year high of $11.00.

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.