Lotus Technology Inc. (NASDAQ:LOT - Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 547,500 shares, a growth of 17.3% from the April 30th total of 466,800 shares. Currently, 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 216,200 shares, the short-interest ratio is presently 2.5 days.
Lotus Technology Stock Up 1.8%
NASDAQ:LOT traded up $0.04 on Friday, hitting $2.21. The stock had a trading volume of 61,978 shares, compared to its average volume of 140,102. Lotus Technology has a 52 week low of $1.06 and a 52 week high of $8.08. The business's fifty day moving average is $1.74 and its 200 day moving average is $2.54. The company has a market cap of $1.50 billion, a PE ratio of -1.42 and a beta of 0.43.
Lotus Technology (NASDAQ:LOT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported ($0.66) earnings per share (EPS) for the quarter. The company had revenue of $271.53 million during the quarter.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in Lotus Technology during the 3rd quarter worth approximately $32,000. Bleakley Financial Group LLC bought a new stake in Lotus Technology during the fourth quarter worth $48,000. Savant Capital LLC purchased a new stake in Lotus Technology in the 4th quarter valued at $109,000. Blue Barn Wealth LLC bought a new position in Lotus Technology during the 4th quarter valued at $53,000. Finally, Momentous Wealth Management Inc. bought a new position in Lotus Technology during the 4th quarter valued at $55,000. 63.40% of the stock is currently owned by institutional investors and hedge funds.
About Lotus Technology
(
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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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