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Short Interest in ECARX Holdings Inc. (NASDAQ:ECX) Increases By 114.6%

ECARX logo with Business Services background

ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 203,700 shares, an increase of 114.6% from the September 15th total of 94,900 shares. Based on an average daily trading volume, of 82,800 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.2% of the shares of the company are short sold.

ECARX Stock Down 2.1 %

Shares of NASDAQ:ECX traded down $0.04 during midday trading on Friday, reaching $1.83. The company's stock had a trading volume of 44,419 shares, compared to its average volume of 111,147. The stock has a fifty day moving average of $1.76 and a 200 day moving average of $1.65. ECARX has a twelve month low of $0.96 and a twelve month high of $4.68. The firm has a market capitalization of $618.45 million, a PE ratio of -4.36 and a beta of 0.32.

ECARX (NASDAQ:ECX - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $173.00 million during the quarter. Sell-side analysts anticipate that ECARX will post -0.27 earnings per share for the current fiscal year.

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.

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