Lotus Technology Inc. (NASDAQ:LOT) Short Interest Update

Lotus Technology Inc. (NASDAQ:LOT) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 281,700 shares, a growth of 113.2% from the February 28th total of 132,100 shares. Based on an average daily volume of 200,100 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Lotus Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp acquired a new stake in Lotus Technology in the 3rd quarter valued at approximately $58,000. Tidal Investments LLC acquired a new stake in shares of Lotus Technology in the third quarter valued at $402,000. JPMorgan Chase & Co. acquired a new position in Lotus Technology during the 3rd quarter worth about $32,000. Merit Financial Group LLC acquired a new position in Lotus Technology during the 4th quarter worth about $46,000. Finally, Drive Wealth Management LLC purchased a new position in Lotus Technology during the 4th quarter valued at about $89,000. Institutional investors and hedge funds own 63.40% of the company’s stock.

Lotus Technology Stock Performance

Shares of NASDAQ LOT traded down $0.05 during mid-day trading on Friday, reaching $1.80. The company’s stock had a trading volume of 114,378 shares, compared to its average volume of 147,517. The stock has a 50-day moving average of $2.31 and a two-hundred day moving average of $3.59. The stock has a market capitalization of $1.22 billion, a P/E ratio of -1.15 and a beta of 0.14. Lotus Technology has a 1-year low of $1.42 and a 1-year high of $13.85.

About Lotus Technology

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.