ECARX Holdings Inc. (NASDAQ:ECX) Short Interest Update

ECARX Holdings Inc. (NASDAQ:ECX) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 593,900 shares, a growth of 576.4% from the February 13th total of 87,800 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 1,730,000 shares, the short-interest ratio is currently 0.3 days.

ECARX Trading Up 28.3 %

ECX stock traded up $0.71 during mid-day trading on Wednesday, hitting $3.20. 7,030,037 shares of the company were exchanged, compared to its average volume of 2,239,829. ECARX has a 1-year low of $0.96 and a 1-year high of $3.20. The business has a 50 day simple moving average of $2.03 and a 200-day simple moving average of $1.90. The stock has a market capitalization of $1.08 billion, a PE ratio of -6.37 and a beta of 0.22.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Two Sigma Securities LLC bought a new position in ECARX during the fourth quarter worth about $30,000. Tower Research Capital LLC TRC acquired a new stake in shares of ECARX in the fourth quarter valued at approximately $32,000. XTX Topco Ltd bought a new stake in shares of ECARX in the fourth quarter valued at approximately $52,000. Citadel Advisors LLC bought a new position in ECARX in the 4th quarter valued at about $68,000. Finally, Green Alpha Advisors LLC bought a new stake in ECARX during the fourth quarter worth $167,000.

Wall Street Analysts Forecast Growth

Separately, UBS Group initiated coverage on ECARX in a report on Tuesday, February 11th. They issued a “buy” rating and a $3.20 price objective for the company.

About ECARX

ECARX Holdings Inc develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack.