SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 312,600 shares, a growth of 15.9% from the November 15th total of 269,600 shares. Currently, 0.9% of the company's stock are sold short. Based on an average trading volume of 325,500 shares, the days-to-cover ratio is presently 1.0 days.
Institutional Investors Weigh In On SunCar Technology Group
Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of SunCar Technology Group by 4.8% during 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 raised its stake in SunCar Technology Group by 21.0% in the third quarter. XTX Topco Ltd now owns 22,006 shares of the company's stock valued at $243,000 after buying an additional 3,820 shares during the last quarter. Finally, State Street Corp boosted 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 worth $170,000 after acquiring an additional 3,877 shares in the last quarter. 0.26% of the stock is currently owned by institutional investors and hedge funds.
SunCar Technology Group Stock Performance
Shares of SDA stock traded down $0.23 during mid-day trading on Friday, hitting $8.39. 315,866 shares of the stock traded hands, compared to its average volume of 295,962. SunCar Technology Group has a 52-week low of $5.71 and a 52-week high of $11.74. The stock's fifty day moving average is $9.73 and its two-hundred day moving average is $9.42.
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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