SunCar Technology Group Inc. (NASDAQ:SDA) Short Interest Update

SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 125,000 shares, a decline of 20.3% from the April 30th total of 156,900 shares. Based on an average trading volume of 182,800 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the company's stock are short sold.

Institutional Investors Weigh In On SunCar Technology Group

Several institutional investors have recently modified their holdings of the company. Alpine Global Management LLC purchased a new stake in shares of SunCar Technology Group during the 1st quarter worth $402,000. Invesco Ltd. lifted its position in SunCar Technology Group by 11.8% in the first quarter. Invesco Ltd. now owns 49,008 shares of the company's stock valued at $202,000 after acquiring an additional 5,157 shares during the last quarter. Geode Capital Management LLC lifted its position in SunCar Technology Group by 42.7% in the fourth quarter. Geode Capital Management LLC now owns 34,865 shares of the company's stock valued at $336,000 after acquiring an additional 10,431 shares during the last quarter. XTX Topco Ltd lifted its position in SunCar Technology Group by 17.2% in the first quarter. XTX Topco Ltd now owns 31,389 shares of the company's stock valued at $129,000 after acquiring an additional 4,616 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in SunCar Technology Group in the fourth quarter valued at $100,000. 0.26% of the stock is owned by hedge funds and other institutional investors.

SunCar Technology Group Stock Performance

Shares of NASDAQ:SDA traded down $0.06 during trading on Thursday, hitting $2.66. The company's stock had a trading volume of 90,549 shares, compared to its average volume of 325,808. The business has a 50 day moving average price of $2.95 and a two-hundred day moving average price of $6.04. SunCar Technology Group has a fifty-two week low of $2.41 and a fifty-two week high of $11.74.

SunCar Technology Group (NASDAQ:SDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.03) EPS for the quarter. The business had revenue of $102.60 million for the quarter. As a group, equities analysts anticipate that SunCar Technology Group will post 0.11 earnings per share for the current fiscal year.

SunCar Technology Group Company Profile

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.