ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 593,900 shares, an increase of 576.4% from the February 13th total of 87,800 shares. Based on an average daily volume of 1,730,000 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the company's stock are short sold.
Hedge Funds Weigh In On ECARX
A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new position in ECARX during the 4th quarter worth approximately $630,000. Jane Street Group LLC acquired a new stake in ECARX in the fourth quarter worth about $364,000. Barclays PLC bought a new position in shares of ECARX in the fourth quarter valued at approximately $348,000. Virtu Financial LLC bought a new position in ECARX during the 4th quarter valued at $319,000. Finally, Marshall Wace LLP bought a new position in ECARX during the fourth quarter valued at about $245,000.
ECARX Stock Performance
Shares of NASDAQ:ECX traded up $0.02 during trading on Friday, hitting $2.85. The company's stock had a trading volume of 1,189,426 shares, compared to its average volume of 596,618. ECARX has a fifty-two week low of $0.96 and a fifty-two week high of $3.25. The stock's 50-day moving average price is $2.05 and its two-hundred day moving average price is $1.91. The company has a market capitalization of $961.47 million, a PE ratio of -5.67 and a beta of 0.22.
Analyst Upgrades and Downgrades
Separately, UBS Group started coverage on shares of ECARX in a report on Tuesday, February 11th. They issued a "buy" rating and a $3.20 price objective on the stock.
Get Our Latest Stock Report on ECX
About ECARX
(
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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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