SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 269,600 shares, a decrease of 26.1% from the October 31st total of 364,700 shares. Based on an average daily trading volume, of 312,400 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.8% of the company's shares are short sold.
SunCar Technology Group Price Performance
SunCar Technology Group stock traded down $0.05 during mid-day trading on Friday, hitting $10.42. The stock had a trading volume of 164,871 shares, compared to its average volume of 294,475. The stock has a 50-day simple moving average of $10.00 and a two-hundred day simple moving average of $9.34. SunCar Technology Group has a 12 month low of $5.71 and a 12 month high of $11.74.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings 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 buying an additional 3,877 shares during the period. XTX Topco Ltd raised its position in shares of SunCar Technology Group by 21.0% during the 3rd quarter. XTX Topco Ltd now owns 22,006 shares of the company's stock valued at $243,000 after acquiring an additional 3,820 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of 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 period. Institutional investors own 0.26% of the company's stock.
About SunCar Technology Group
(
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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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