Lotus Technology Inc. (NASDAQ:LOTWW) Sees Significant Growth in Short Interest

Lotus Technology Inc. (NASDAQ:LOTWW) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 21,000 shares, an increase of 1,300.0% from the July 31st total of 1,500 shares. Based on an average daily volume of 33,400 shares, the days-to-cover ratio is presently 0.6 days.

Lotus Technology Price Performance

Shares of LOTWW stock opened at $0.30 on Wednesday. The firm has a 50-day moving average price of $0.34. Lotus Technology has a one year low of $0.25 and a one year high of $1.45.

About Lotus Technology

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.