Short Interest in Lotus Technology Inc. (NASDAQ:LOTWW) Drops By 18.9%

Lotus Technology Inc. (NASDAQ:LOTWW) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 8,600 shares, a drop of 18.9% from the October 15th total of 10,600 shares. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is presently 1.9 days.

Lotus Technology Stock Performance

Lotus Technology stock remained flat at $0.28 during trading on Friday. The company had a trading volume of 1,957 shares, compared to its average volume of 38,422. Lotus Technology has a one year low of $0.22 and a one year high of $1.45. The business’s 50 day moving average is $0.28 and its 200-day moving average is $0.36.

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.