SunCar Technology Group Inc. (NASDAQ:SDA – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 243,900 shares, an increase of 15.6% from the August 15th total of 211,000 shares. Based on an average trading volume of 239,400 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.4% of the shares of the stock are short sold.
SunCar Technology Group Price Performance
SDA stock traded down $0.49 during trading on Monday, reaching $9.33. 155,892 shares of the company were exchanged, compared to its average volume of 282,138. SunCar Technology Group has a twelve month low of $5.43 and a twelve month high of $11.99. The company has a 50-day moving average of $9.56 and a two-hundred day moving average of $8.29.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in SunCar Technology Group stock. XTX Topco Ltd lifted its stake in shares of SunCar Technology Group Inc. (NASDAQ:SDA – Free Report) by 24.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,186 shares of the company’s stock after acquiring an additional 3,596 shares during the quarter. XTX Topco Ltd’s holdings in SunCar Technology Group were worth $166,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.26% of the company’s stock.
SunCar Technology Group Company Profile
SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.
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