Short Interest in Lotus Technology Inc. (NASDAQ:LOTWW) Decreases By 21.9%

Lotus Technology Inc. (NASDAQ:LOTWW) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 16,400 shares, a decline of 21.9% from the August 15th total of 21,000 shares. Based on an average daily volume of 9,200 shares, the days-to-cover ratio is presently 1.8 days.

Lotus Technology Stock Down 16.5 %

LOTWW opened at $0.25 on Monday. The business’s 50 day simple moving average is $0.31. Lotus Technology has a fifty-two week low of $0.25 and a fifty-two week high of $1.45.

About Lotus Technology

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.