SunCar Technology Group Inc. (NASDAQ:SDA) Short Interest Up 24.3% in October

Posted by Donna Armstrong on Oct 30th, 2024

SunCar Technology Group Inc. (NASDAQ:SDA – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 369,300 shares, an increase of 24.3% from the September 30th total of 297,100 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 273,500 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of SunCar Technology Group

A hedge fund recently raised its stake in SunCar Technology Group stock. XTX Topco Ltd boosted its stake in SunCar Technology Group Inc. (NASDAQ:SDA – Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,186 shares of the company’s stock after purchasing an additional 3,596 shares during the period. XTX Topco Ltd’s holdings in SunCar Technology Group were worth $166,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.26% of the company’s stock.

SunCar Technology Group Trading Down 3.9 %

SDA traded down $0.40 on Wednesday, hitting $9.73. 462,453 shares of the stock were exchanged, compared to its average volume of 289,109. SunCar Technology Group has a 12 month low of $5.43 and a 12 month high of $11.74. The business has a 50-day moving average of $10.02 and a two-hundred day moving average of $8.97.

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.