Short Interest in Lotus Technology Inc. (NASDAQ:LOTWW) Declines By 20.9%

Lotus Technology Inc. (NASDAQ:LOTWW) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 10,600 shares, a decline of 20.9% from the September 30th total of 13,400 shares. Based on an average daily trading volume, of 6,100 shares, the short-interest ratio is currently 1.7 days.

Lotus Technology Price Performance

Shares of LOTWW stock remained flat at $0.27 on Tuesday. 5,584 shares of the stock traded hands, compared to its average volume of 39,994. Lotus Technology has a one year low of $0.25 and a one year high of $1.45. The company has a fifty day simple moving average of $0.27 and a two-hundred day simple moving average of $0.37.

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.