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

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

noco-noco Stock Down 3.0 %

The business has a fifty day simple moving average of $0.23 and a 200 day simple moving average of $0.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ATW Spac Management LLC acquired a new stake in shares of noco-noco during the 3rd quarter worth $66,000. Saba Capital Management L.P. acquired a new stake in shares of noco-noco during the 3rd quarter worth $74,000. Finally, Meteora Capital LLC acquired a new stake in shares of noco-noco during the 3rd quarter worth $2,361,000. 0.38% of the stock is owned by institutional investors and hedge funds.

noco-noco Company Profile

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.