Short Interest in Lotus Technology Inc. (NASDAQ:LOTWW) Declines By 21.4%

Lotus Technology Inc. (NASDAQ:LOTWW) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 14,700 shares, a drop of 21.4% from the February 13th total of 18,700 shares. Based on an average daily trading volume, of 9,300 shares, the short-interest ratio is currently 1.6 days.

Lotus Technology Stock Up 8.8 %

Lotus Technology stock traded up $0.01 during trading hours on Wednesday, hitting $0.10. 31,997 shares of the stock traded hands, compared to its average volume of 20,805. Lotus Technology has a 1 year low of $0.08 and a 1 year high of $1.45. The firm’s 50 day moving average price is $0.17 and its 200-day moving average price is $0.23.

Lotus Technology Company Profile

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.