SunCar Technology Group Inc. (NASDAQ:SDA – Get Free Report) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 312,600 shares, a growth of 15.9% from the November 15th total of 269,600 shares. Based on an average daily volume of 325,500 shares, the short-interest ratio is currently 1.0 days. Approximately 0.9% of the company’s stock are sold short.
SunCar Technology Group Stock Performance
Shares of NASDAQ:SDA opened at $8.39 on Friday. The firm has a 50 day simple moving average of $9.73 and a 200-day simple moving average of $9.42. SunCar Technology Group has a twelve month low of $5.71 and a twelve month high of $11.74.
Hedge Funds Weigh In On SunCar Technology Group
Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 1,116 shares during the period. XTX Topco Ltd boosted its stake in shares of SunCar Technology Group by 21.0% during the third quarter. XTX Topco Ltd now owns 22,006 shares of the company’s stock worth $243,000 after buying an additional 3,820 shares during the period. Finally, State Street Corp boosted its stake 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 buying an additional 3,877 shares during the period. Institutional investors and hedge funds own 0.26% of the company’s stock.
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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