Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 124,100 shares, a decrease of 26.7% from the November 15th total of 169,300 shares. Based on an average daily trading volume, of 139,200 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the shares of the stock are sold short.
Institutional Investors Weigh In On Lotus Technology
An institutional investor recently bought a new position in Lotus Technology stock. State Street Corp bought a new position in shares of Lotus Technology Inc. (NASDAQ:LOT - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 11,533 shares of the company's stock, valued at approximately $58,000. 63.40% of the stock is owned by institutional investors and hedge funds.
Lotus Technology Trading Down 4.5 %
Shares of NASDAQ:LOT traded down $0.16 during midday trading on Friday, hitting $3.41. 141,199 shares of the stock were exchanged, compared to its average volume of 125,371. The business's 50-day moving average price is $4.29 and its 200 day moving average price is $5.56. Lotus Technology has a 12 month low of $3.34 and a 12 month high of $17.99. The company has a debt-to-equity ratio of 7.93, a quick ratio of 0.46 and a current ratio of 0.61. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of -2.19 and a beta of 0.10.
About Lotus Technology
(
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.
See Also
Before you consider Lotus Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lotus Technology wasn't on the list.
While Lotus Technology currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
