Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 547,500 shares, an increase of 17.3% from the April 30th total of 466,800 shares. Based on an average daily trading volume, of 216,200 shares, the short-interest ratio is currently 2.5 days. Currently, 0.1% of the company's shares are sold short.
Lotus Technology Stock Performance
Shares of LOT traded up $0.04 during mid-day trading on Friday, reaching $2.21. 61,978 shares of the company were exchanged, compared to its average volume of 140,224. The business has a 50 day simple moving average of $1.74 and a two-hundred day simple moving average of $2.52. The stock has a market capitalization of $1.50 billion, a PE ratio of -1.42 and a beta of 0.43. Lotus Technology has a 52 week low of $1.06 and a 52 week high of $7.85.
Lotus Technology (NASDAQ:LOT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported ($0.66) earnings per share (EPS) for the quarter. The firm had revenue of $271.53 million for the quarter.
Hedge Funds Weigh In On Lotus Technology
Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in Lotus Technology by 64.1% during the 1st quarter. Jane Street Group LLC now owns 16,966 shares of the company's stock worth $27,000 after acquiring an additional 6,629 shares during the period. Tidal Investments LLC raised its position in shares of Lotus Technology by 39.0% in the 4th quarter. Tidal Investments LLC now owns 110,270 shares of the company's stock worth $401,000 after acquiring an additional 30,933 shares in the last quarter. Bank of America Corp DE raised its position in shares of Lotus Technology by 178.8% in the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock worth $27,000 after acquiring an additional 4,848 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Lotus Technology in the 4th quarter worth about $63,000. Finally, Mariner LLC bought a new position in shares of Lotus Technology in the 4th quarter worth about $1,426,000. Institutional investors and hedge funds own 63.40% of the company's stock.
Lotus Technology Company Profile
(
Get Free Report)
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.
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