Lotus Technology (NASDAQ:LOT) Sees Strong Trading Volume – What’s Next?

Lotus Technology Inc. (NASDAQ:LOT) shares saw an uptick in trading volume on Monday . 272,679 shares were traded during mid-day trading, an increase of 103% from the previous session’s volume of 134,117 shares.The stock last traded at $2.13 and had previously closed at $1.58.

Lotus Technology Trading Up 1.0 %

The company has a 50-day moving average of $2.40 and a 200-day moving average of $3.63. The firm has a market capitalization of $1.40 billion, a P/E ratio of -1.28 and a beta of 0.14.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LOT. Mariner LLC acquired a new position in Lotus Technology in the fourth quarter valued at $1,426,000. Tidal Investments LLC bought a new stake in shares of Lotus Technology during the 3rd quarter valued at about $402,000. Townsquare Capital LLC acquired a new stake in Lotus Technology during the fourth quarter worth approximately $236,000. Orion Portfolio Solutions LLC bought a new stake in Lotus Technology in the fourth quarter worth approximately $165,000. Finally, Savant Capital LLC acquired a new position in Lotus Technology in the fourth quarter valued at approximately $109,000. Institutional investors 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.