Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 132,100 shares, a decrease of 27.4% from the February 13th total of 182,000 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 144,100 shares, the days-to-cover ratio is currently 0.9 days.
Institutional Investors Weigh In On Lotus Technology
Several large investors have recently made changes to their positions in the stock. Mariner LLC acquired a new stake in Lotus Technology during the 4th quarter valued at $1,426,000. Tidal Investments LLC acquired a new stake in Lotus Technology during the 3rd quarter valued at $402,000. Townsquare Capital LLC acquired a new stake in Lotus Technology during the 4th quarter valued at $236,000. Orion Portfolio Solutions LLC acquired a new stake in Lotus Technology during the 4th quarter valued at $165,000. Finally, Savant Capital LLC acquired a new stake in Lotus Technology during the 4th quarter valued at $109,000. Institutional investors and hedge funds own 63.40% of the company's stock.
Lotus Technology Stock Up 1.9 %
Shares of NASDAQ LOT traded up $0.03 during trading hours on Tuesday, hitting $1.57. The company had a trading volume of 32,078 shares, compared to its average volume of 139,042. The stock has a market capitalization of $1.06 billion, a P/E ratio of -1.01 and a beta of 0.14. Lotus Technology has a 1-year low of $1.42 and a 1-year high of $13.85. The firm's 50 day moving average is $2.62 and its 200-day moving average is $3.78.
Lotus Technology Company Profile
(
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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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