ECARX Holdings Inc. (NASDAQ:ECX) Short Interest Down 82.1% in February

ECARX Holdings Inc. (NASDAQ:ECX) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 87,800 shares, a drop of 82.1% from the January 31st total of 491,700 shares. Based on an average trading volume of 1,270,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, UBS Group began coverage on shares of ECARX in a report on Tuesday, February 11th. They set a “buy” rating and a $3.20 target price for the company.

ECARX Trading Up 2.6 %

NASDAQ ECX opened at $2.39 on Friday. ECARX has a 12 month low of $0.96 and a 12 month high of $2.80. The company has a market capitalization of $807.70 million, a PE ratio of -4.78 and a beta of 0.31. The stock has a 50-day simple moving average of $1.94 and a 200 day simple moving average of $1.85.

Institutional Trading of ECARX

A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in ECARX during the fourth quarter valued at approximately $630,000. Jane Street Group LLC acquired a new position in shares of ECARX in the 4th quarter valued at $364,000. Barclays PLC bought a new stake in shares of ECARX in the 4th quarter valued at $348,000. Virtu Financial LLC acquired a new stake in ECARX during the 4th quarter worth $319,000. Finally, Marshall Wace LLP bought a new position in ECARX during the fourth quarter worth about $245,000.

ECARX Company Profile

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.