Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 281,700 shares, an increase of 113.2% from the February 28th total of 132,100 shares. Based on an average daily volume of 200,100 shares, the short-interest ratio is currently 1.4 days. Currently, 0.0% of the shares of the stock are sold short.
Lotus Technology Stock Down 0.6 %
Lotus Technology stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.59. The company's stock had a trading volume of 64,295 shares, compared to its average volume of 147,580. The stock has a market capitalization of $1.08 billion, a P/E ratio of -1.02 and a beta of 0.14. Lotus Technology has a twelve month low of $1.42 and a twelve month high of $13.85. The stock's fifty day moving average price is $2.24 and its two-hundred day moving average price is $3.52.
Institutional Investors Weigh In On Lotus Technology
Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in Lotus Technology in the 3rd quarter worth about $32,000. Bleakley Financial Group LLC purchased a new position in shares of Lotus Technology in the fourth quarter worth approximately $48,000. Tidal Investments LLC acquired a new stake in shares of Lotus Technology during the third quarter valued at approximately $402,000. Merit Financial Group LLC purchased a new stake in shares of Lotus Technology in the 4th quarter valued at approximately $46,000. Finally, State Street Corp acquired a new position in Lotus Technology in the 3rd quarter worth approximately $58,000. 63.40% of the stock is owned by institutional investors and hedge funds.
Lotus Technology Company Profile
(
Get Free Report)
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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