Lotus Technology Inc. (NASDAQ:LOT) Sees Significant Growth in Short Interest

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

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. Lotus Technology has a 12-month low of $1.42 and a 12-month high of $13.85. 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 $3.58.

Institutional Trading of Lotus Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in Lotus Technology by 178.8% during the fourth quarter. Bank of America Corp DE now owns 7,560 shares of the company’s stock valued at $27,000 after acquiring an additional 4,848 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Lotus Technology during the 3rd quarter valued at approximately $32,000. Jane Street Group LLC purchased a new position in shares of Lotus Technology in the fourth quarter valued at $37,000. State Street Corp bought a new stake in Lotus Technology in the third quarter worth $58,000. Finally, Merit Financial Group LLC purchased a new stake in Lotus Technology during the fourth quarter valued at $46,000. Institutional investors own 63.40% of the company’s stock.

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.