Lotus Technology Inc. (NASDAQ:LOT – Get Free Report) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 132,100 shares, a drop of 27.4% from the February 13th total of 182,000 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 144,100 shares, the short-interest ratio is currently 0.9 days.
Lotus Technology Price Performance
Shares of LOT traded up $0.03 on Tuesday, hitting $1.57. The company’s stock had a trading volume of 55,473 shares, compared to its average volume of 129,834. The company has a market capitalization of $1.06 billion, a PE ratio of -1.01 and a beta of 0.14. Lotus Technology has a fifty-two week low of $1.42 and a fifty-two week high of $13.85. The company has a 50 day moving average price of $2.62 and a 200 day moving average price of $3.78.
Hedge Funds Weigh In On Lotus Technology
A number of institutional investors and hedge funds have recently bought and sold shares of LOT. State Street Corp bought a new position in shares of Lotus Technology in the third quarter valued at about $58,000. Tidal Investments LLC bought a new position in shares of Lotus Technology in the third quarter worth about $402,000. JPMorgan Chase & Co. acquired a new position in shares of Lotus Technology during the third quarter worth approximately $32,000. Merit Financial Group LLC acquired a new position in shares of Lotus Technology during the fourth quarter worth approximately $46,000. Finally, Drive Wealth Management LLC bought a new stake in shares of Lotus Technology during the fourth quarter valued at approximately $89,000. Institutional investors and hedge funds own 63.40% of the company’s stock.
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.
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