ECARX Holdings Inc. (NASDAQ:ECX) Short Interest Update

ECARX Holdings Inc. (NASDAQ:ECX) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 87,800 shares, a decline of 82.1% from the January 31st total of 491,700 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,270,000 shares, the days-to-cover ratio is presently 0.1 days.

ECARX Stock Performance

Shares of NASDAQ ECX traded up $0.06 during trading hours on Thursday, reaching $2.39. 6,000,187 shares of the stock were exchanged, compared to its average volume of 1,812,950. The stock’s fifty day simple moving average is $1.93 and its 200 day simple moving average is $1.85. The firm has a market capitalization of $807.70 million, a price-to-earnings ratio of -4.78 and a beta of 0.31. ECARX has a 52 week low of $0.96 and a 52 week high of $2.80.

Analyst Ratings Changes

Separately, UBS Group assumed coverage on shares of ECARX in a research report on Tuesday, February 11th. They issued a “buy” rating and a $3.20 price objective on the stock.

Hedge Funds Weigh In On ECARX

Several institutional investors and hedge funds have recently modified their holdings of ECX. Two Sigma Securities LLC acquired a new stake in ECARX during the fourth quarter worth approximately $30,000. Tower Research Capital LLC TRC acquired a new stake in shares of ECARX during the 4th quarter worth $32,000. XTX Topco Ltd bought a new position in shares of ECARX in the fourth quarter worth $52,000. Citadel Advisors LLC bought a new stake in ECARX during the fourth quarter worth about $68,000. Finally, Green Alpha Advisors LLC acquired a new stake in ECARX during the fourth quarter worth about $167,000.

About ECARX

ECARX Holdings Inc develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack.