SunCar Technology Group Inc. (NASDAQ:SDA – Get Free Report) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 140,300 shares, a decline of 43.3% from the February 13th total of 247,400 shares. Based on an average trading volume of 579,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the shares of the company are short sold.
SunCar Technology Group Trading Down 1.5 %
SDA stock traded down $0.07 during mid-day trading on Friday, hitting $4.66. 233,190 shares of the company were exchanged, compared to its average volume of 353,762. SunCar Technology Group has a 1-year low of $4.15 and a 1-year high of $11.74. The business has a 50 day simple moving average of $7.05 and a 200-day simple moving average of $8.81.
Hedge Funds Weigh In On SunCar Technology Group
A number of large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in SunCar Technology Group during the fourth quarter worth about $69,000. Marshall Wace LLP acquired a new position in shares of SunCar Technology Group during the 4th quarter worth approximately $100,000. State Street Corp increased its holdings in shares of SunCar Technology Group by 33.5% during the third quarter. State Street Corp now owns 15,461 shares of the company’s stock worth $170,000 after purchasing an additional 3,877 shares during the period. XTX Topco Ltd raised its position in shares of SunCar Technology Group by 21.0% in the third quarter. XTX Topco Ltd now owns 22,006 shares of the company’s stock valued at $243,000 after buying an additional 3,820 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of SunCar Technology Group by 4.8% in the third quarter. Geode Capital Management LLC now owns 24,434 shares of the company’s stock valued at $269,000 after buying an additional 1,116 shares in the last quarter. Institutional investors own 0.26% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on SunCar Technology Group
About SunCar Technology Group
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.
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