SunCar Technology Group Inc. (NASDAQ:SDA) Short Interest Update

SunCar Technology Group Inc. (NASDAQ:SDA) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 312,600 shares, a growth of 15.9% from the November 15th total of 269,600 shares. Based on an average daily volume of 325,500 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.9% of the company’s stock are short sold.

Hedge Funds Weigh In On SunCar Technology Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SDA. XTX Topco Ltd grew its holdings in SunCar Technology Group by 24.6% during the 2nd quarter. XTX Topco Ltd now owns 18,186 shares of the company’s stock worth $166,000 after acquiring an additional 3,596 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of SunCar Technology Group by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 24,434 shares of the company’s stock worth $269,000 after purchasing an additional 1,116 shares during the last quarter. Finally, State Street Corp grew its stake in shares of SunCar Technology Group by 33.5% during the third quarter. State Street Corp now owns 15,461 shares of the company’s stock worth $170,000 after purchasing an additional 3,877 shares in the last quarter. Hedge funds and other institutional investors own 0.26% of the company’s stock.

SunCar Technology Group Price Performance

NASDAQ SDA opened at $8.39 on Friday. The firm has a 50 day simple moving average of $9.73 and a 200-day simple moving average of $9.42. SunCar Technology Group has a one year low of $5.71 and a one year high of $11.74.

About SunCar Technology Group

SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.