SunCar Technology Group Inc. (NASDAQ:SDA – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 243,900 shares, an increase of 15.6% from the August 15th total of 211,000 shares. Based on an average daily trading volume, of 239,400 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.4% of the company’s shares are sold short.
SunCar Technology Group Price Performance
Shares of SunCar Technology Group stock traded up $0.49 on Tuesday, reaching $9.49. The company had a trading volume of 13,941 shares, compared to its average volume of 281,035. The firm’s 50 day moving average price is $9.57 and its two-hundred day moving average price is $8.31. SunCar Technology Group has a 52-week low of $5.43 and a 52-week high of $11.99.
Institutional Trading of SunCar Technology Group
A hedge fund recently raised its stake in SunCar Technology Group stock. XTX Topco Ltd lifted its holdings in shares of SunCar Technology Group Inc. (NASDAQ:SDA – Free Report) by 24.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,186 shares of the company’s stock after purchasing an additional 3,596 shares during the quarter. XTX Topco Ltd’s holdings in SunCar Technology Group were worth $166,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.26% of the company’s stock.
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.
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