Short Interest in Lotus Technology Inc. (NASDAQ:LOT) Declines By 26.5%

Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 208,100 shares, a decrease of 26.5% from the September 15th total of 283,200 shares. Based on an average trading volume of 79,600 shares, the short-interest ratio is currently 2.6 days. Approximately 0.0% of the company's stock are short sold.

Lotus Technology Stock Up 1.1 %

LOT traded up $0.05 during trading on Friday, hitting $4.52. The company had a trading volume of 100,337 shares, compared to its average volume of 120,870. The company has a market cap of $3.06 billion, a PE ratio of -3.70 and a beta of 0.11. The business has a 50-day moving average of $5.22 and a 200-day moving average of $6.52. The company has a debt-to-equity ratio of 7.93, a current ratio of 0.70 and a quick ratio of 0.49. Lotus Technology has a 1-year low of $4.36 and a 1-year high of $17.99.

Lotus Technology (NASDAQ:LOT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The company reported ($0.30) earnings per share (EPS) for the quarter. The company had revenue of $225.03 million for the quarter.

About Lotus Technology

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.