Lotus Technology Inc. (NASDAQ:LOT – Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 132,100 shares, a drop of 27.4% from the February 13th total of 182,000 shares. Based on an average daily volume of 144,100 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the shares of the company are short sold.
Institutional Trading of Lotus Technology
Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in shares of Lotus Technology during the 3rd quarter worth about $32,000. Bleakley Financial Group LLC bought a new stake in shares of Lotus Technology during the 4th quarter worth about $48,000. Tidal Investments LLC bought a new stake in shares of Lotus Technology during the 3rd quarter worth about $402,000. Merit Financial Group LLC bought a new stake in shares of Lotus Technology during the 4th quarter worth about $46,000. Finally, State Street Corp bought a new stake in shares of Lotus Technology during the 3rd quarter worth about $58,000. 63.40% of the stock is currently owned by institutional investors.
Lotus Technology Trading Down 4.3 %
NASDAQ:LOT traded down $0.07 during mid-day trading on Monday, hitting $1.54. The stock had a trading volume of 134,321 shares, compared to its average volume of 129,591. Lotus Technology has a 52 week low of $1.45 and a 52 week high of $13.85. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -0.99 and a beta of 0.14. The company has a 50 day simple moving average of $2.62 and a 200-day simple moving average of $3.78.
Lotus Technology Company Profile
Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.
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