SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 249,900 shares, a decrease of 20.1% from the November 30th total of 312,600 shares. Based on an average daily trading volume, of 339,100 shares, the short-interest ratio is currently 0.7 days. Approximately 0.8% of the company's stock are sold short.
SunCar Technology Group Stock Performance
NASDAQ SDA traded up $0.29 during trading hours on Friday, hitting $9.57. The company had a trading volume of 417,082 shares, compared to its average volume of 297,033. The business has a 50 day moving average of $9.60 and a 200-day moving average of $9.52. SunCar Technology Group has a 1-year low of $5.71 and a 1-year high of $11.74.
Institutional Trading of SunCar Technology Group
Several institutional investors and hedge funds have recently made changes to their positions in SDA. Geode Capital Management LLC raised its position in SunCar Technology Group by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 24,434 shares of the company's stock valued at $269,000 after purchasing an additional 1,116 shares during the last quarter. XTX Topco Ltd grew its position in SunCar Technology Group by 24.6% during the 2nd quarter. XTX Topco Ltd now owns 18,186 shares of the company's stock worth $166,000 after purchasing an additional 3,596 shares during the last quarter. Finally, State Street Corp increased its stake in SunCar Technology Group by 33.5% in the third quarter. State Street Corp now owns 15,461 shares of the company's stock valued at $170,000 after purchasing an additional 3,877 shares during the period. 0.26% of the stock is owned by hedge funds and other institutional investors.
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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