SunCar Technology Group Inc. (NASDAQ:SDA) Short Interest Down 26.1% in November

Posted by Paula Ricardo on Nov 29th, 2024

SunCar Technology Group Inc. (NASDAQ:SDA – Get Free Report) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 269,600 shares, a decrease of 26.1% from the October 31st total of 364,700 shares. Based on an average trading volume of 312,400 shares, the short-interest ratio is presently 0.9 days. Currently, 0.8% of the company’s stock are sold short.

SunCar Technology Group Price Performance

NASDAQ SDA traded down $0.18 during trading hours on Friday, hitting $10.29. The company’s stock had a trading volume of 141,293 shares, compared to its average volume of 294,151. SunCar Technology Group has a 52 week low of $5.71 and a 52 week high of $11.74. The company’s 50-day simple moving average is $9.98 and its two-hundred day simple moving average is $9.30.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. State Street Corp grew its holdings in SunCar Technology Group by 33.5% during the third quarter. State Street Corp now owns 15,461 shares of the company’s stock worth $170,000 after buying an additional 3,877 shares in the last quarter. XTX Topco Ltd boosted its holdings in SunCar Technology Group by 24.6% during the 2nd quarter. XTX Topco Ltd now owns 18,186 shares of the company’s stock worth $166,000 after acquiring an additional 3,596 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of SunCar Technology Group by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 24,434 shares of the company’s stock worth $269,000 after acquiring an additional 1,116 shares in the last quarter. Institutional investors own 0.26% of the company’s stock.

SunCar Technology Group Company Profile

(Get Free Report)

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.