Lotus Technology Inc. (NASDAQ:LOT) Short Interest Up 113.2% in March

Lotus Technology Inc. (NASDAQ:LOT) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 281,700 shares, an increase of 113.2% from the February 28th total of 132,100 shares. Based on an average daily trading volume, of 200,100 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Lotus Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in shares of Lotus Technology in the third quarter worth approximately $32,000. Bleakley Financial Group LLC purchased a new stake in shares of Lotus Technology during the 4th quarter valued at $48,000. Tidal Investments LLC purchased a new stake in Lotus Technology during the 3rd quarter worth approximately $402,000. Merit Financial Group LLC acquired a new position in Lotus Technology during the 4th quarter valued at approximately $46,000. Finally, State Street Corp acquired a new position in shares of Lotus Technology in the 3rd quarter valued at $58,000. 63.40% of the stock is owned by institutional investors.

Lotus Technology Price Performance

Shares of LOT stock traded down $0.05 during trading hours on Friday, reaching $1.80. 114,378 shares of the company traded hands, compared to its average volume of 147,517. The company has a market cap of $1.22 billion, a P/E ratio of -1.15 and a beta of 0.14. The firm has a 50-day moving average price of $2.31 and a 200 day moving average price of $3.59. Lotus Technology has a 12-month low of $1.42 and a 12-month high of $13.85.

Lotus Technology Company Profile

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.