ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 87,800 shares, a decrease of 82.1% from the January 31st total of 491,700 shares. Based on an average daily volume of 1,270,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company's stock are short sold.
Wall Street Analyst Weigh In
Separately, UBS Group initiated coverage on shares of ECARX in a report on Tuesday, February 11th. They issued a "buy" rating and a $3.20 price objective for the company.
Read Our Latest Analysis on ECX
Institutional Investors Weigh In On ECARX
Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new position in shares of ECARX during the fourth quarter worth about $630,000. Jane Street Group LLC purchased a new position in ECARX in the fourth quarter worth approximately $364,000. Barclays PLC acquired a new position in ECARX during the 4th quarter worth approximately $348,000. Virtu Financial LLC purchased a new stake in shares of ECARX in the 4th quarter valued at approximately $319,000. Finally, Marshall Wace LLP purchased a new stake in shares of ECARX in the 4th quarter valued at approximately $245,000.
ECARX Stock Performance
Shares of ECARX stock traded up $0.02 during trading hours on Monday, reaching $2.18. 2,088,891 shares of the company were exchanged, compared to its average volume of 1,868,690. The firm has a market cap of $736.73 million, a PE ratio of -4.36 and a beta of 0.31. ECARX has a 1 year low of $0.96 and a 1 year high of $2.50. The stock's fifty day moving average is $1.95 and its 200 day moving average is $1.86.
ECARX Company Profile
(
Get Free Report)
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.
Further Reading
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