Short Interest in ECARX Holdings Inc. (NASDAQ:ECX) Decreases By 38.1%

ECARX Holdings Inc. (NASDAQ:ECX) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 61,300 shares, a drop of 38.1% from the December 15th total of 99,100 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 492,400 shares, the short-interest ratio is presently 0.1 days.

ECARX Price Performance

ECARX stock traded down $0.14 during mid-day trading on Tuesday, reaching $2.01. The company had a trading volume of 3,158,385 shares, compared to its average volume of 2,163,386. ECARX has a 1 year low of $0.96 and a 1 year high of $3.09. The company has a market capitalization of $679.28 million, a P/E ratio of -4.02 and a beta of 0.35. The stock’s 50-day simple moving average is $1.89 and its 200-day simple moving average is $1.81.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ECARX stock. Green Alpha Advisors LLC acquired a new position in shares of ECARX Holdings Inc. (NASDAQ:ECX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 78,996 shares of the company’s stock, valued at approximately $167,000.

ECARX Company Profile

ECARX Holdings Inc develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack.