Lotus Technology Inc. (NASDAQ:LOT) Short Interest Update

Lotus Technology Inc. (NASDAQ:LOT) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 124,100 shares, a decrease of 26.7% from the November 15th total of 169,300 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 139,200 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On Lotus Technology

A hedge fund recently bought a new stake in Lotus Technology stock. State Street Corp purchased a new stake in Lotus Technology Inc. (NASDAQ:LOT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,533 shares of the company’s stock, valued at approximately $58,000. 63.40% of the stock is currently owned by institutional investors and hedge funds.

Lotus Technology Stock Down 5.3 %

NASDAQ:LOT traded down $0.19 during mid-day trading on Friday, hitting $3.38. The stock had a trading volume of 133,026 shares, compared to its average volume of 125,327. The company has a current ratio of 0.61, a quick ratio of 0.46 and a debt-to-equity ratio of 7.93. Lotus Technology has a twelve month low of $3.34 and a twelve month high of $17.99. The company has a market capitalization of $2.29 billion, a PE ratio of -2.18 and a beta of 0.10. The stock has a 50-day simple moving average of $4.32 and a two-hundred day simple moving average of $5.65.

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.