Short Interest in Thunder Power Holdings, Inc. (NASDAQ:AIEV) Decreases By 36.8%

Thunder Power Holdings, Inc. (NASDAQ:AIEV) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 171,200 shares, a decline of 36.8% from the January 31st total of 271,000 shares. Based on an average trading volume of 2,570,000 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the company’s stock are short sold.

Thunder Power Stock Down 2.9 %

Thunder Power stock opened at $0.23 on Tuesday. The stock’s fifty day simple moving average is $0.30 and its 200-day simple moving average is $0.38. Thunder Power has a twelve month low of $0.21 and a twelve month high of $3.98.

Hedge Funds Weigh In On Thunder Power

A hedge fund recently bought a new stake in Thunder Power stock. Jane Street Group LLC purchased a new position in shares of Thunder Power Holdings, Inc. (NASDAQ:AIEV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 83,037 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned approximately 0.16% of Thunder Power as of its most recent SEC filing. Institutional investors own 64.99% of the company’s stock.

About Thunder Power

Thunder Power Holdings Limited manufactures passenger electric vehicles. Thunder Power Holdings Limited was founded in 2013 and is based in Kowloon, Hong Kong. Thunder Power Hong Kong Limited operates as a subsidiary of Electric Power Technology Limited.