SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 369,300 shares, an increase of 24.3% from the September 30th total of 297,100 shares. Approximately 1.1% of the company's shares are sold short. Based on an average daily trading volume, of 273,500 shares, the short-interest ratio is currently 1.4 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in SunCar Technology Group stock. XTX Topco Ltd grew its holdings in shares of SunCar Technology Group Inc. (NASDAQ:SDA - Free Report) by 24.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,186 shares of the company's stock after purchasing an additional 3,596 shares during the period. XTX Topco Ltd's holdings in SunCar Technology Group were worth $166,000 at the end of the most recent quarter. Institutional investors own 0.26% of the company's stock.
SunCar Technology Group Stock Down 2.9 %
Shares of NASDAQ:SDA traded down $0.29 during mid-day trading on Wednesday, reaching $9.84. 468,943 shares of the stock were exchanged, compared to its average volume of 289,130. SunCar Technology Group has a one year low of $5.43 and a one year high of $11.74. The stock's 50 day simple moving average is $10.02 and its 200-day simple moving average is $8.97.
About SunCar Technology Group
(
Get Free Report)
SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.
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