SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 180,000 shares, a growth of 172.7% from the March 15th total of 66,000 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 341,900 shares, the days-to-cover ratio is currently 0.5 days.
SunCar Technology Group Stock Performance
Shares of SunCar Technology Group stock traded up $0.07 during midday trading on Thursday, hitting $7.16. The company had a trading volume of 194,772 shares, compared to its average volume of 340,411. The company has a fifty day simple moving average of $6.86 and a 200 day simple moving average of $7.87. SunCar Technology Group has a 12-month low of $3.80 and a 12-month high of $45.73.
Hedge Funds Weigh In On SunCar Technology Group
A hedge fund recently bought a new stake in SunCar Technology Group stock. Geode Capital Management LLC purchased a new position in shares of SunCar Technology Group Inc. (NASDAQ:SDA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,040 shares of the company's stock, valued at approximately $491,000. Hedge funds and other institutional investors own 0.26% of the company's stock.
About SunCar Technology Group
(
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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.
Further Reading
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