NaaS Technology Inc. Sponsored ADR (NASDAQ:NAAS) Short Interest Update

NaaS Technology Inc. Sponsored ADR (NASDAQ:NAAS) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 72,887 shares, a decline of 38.5% from the December 15th total of 118,552 shares. Based on an average daily trading volume, of 30,451 shares, the short-interest ratio is presently 2.4 days. Approximately 4.1% of the shares of the stock are sold short. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,451 shares, the short-interest ratio is presently 2.4 days.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of NaaS Technology from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Weiss Ratings reiterated a “sell (e+)” rating on shares of NaaS Technology in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NaaS Technology has a consensus rating of “Sell”.

NaaS Technology Trading Up 0.6%

Shares of NaaS Technology stock traded up $0.02 during trading hours on Friday, reaching $3.28. 49,288 shares of the company’s stock were exchanged, compared to its average volume of 21,086. The firm has a market capitalization of $7.08 million, a price-to-earnings ratio of -0.04 and a beta of 0.55. NaaS Technology has a 52-week low of $1.96 and a 52-week high of $40.32. The company has a fifty day moving average of $3.49 and a 200-day moving average of $3.31.

NaaS Technology (NASDAQ:NAAS) last released its 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.