Short Interest in SunCar Technology Group Inc. (NASDAQ:SDAWW) Drops By 22.0%

SunCar Technology Group Inc. (NASDAQ:SDAWW) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 2,832 shares, a decline of 22.0% from the February 26th total of 3,632 shares. Based on an average daily trading volume, of 7,378 shares, the days-to-cover ratio is currently 0.4 days.

SunCar Technology Group Trading Up 25.8%

SunCar Technology Group stock traded up $0.05 during mid-day trading on Tuesday, hitting $0.23. The stock had a trading volume of 19,965 shares, compared to its average volume of 18,066. SunCar Technology Group has a one year low of $0.03 and a one year high of $0.25. The firm’s 50 day moving average is $0.07 and its 200 day moving average is $0.06.

SunCar Technology Group Company Profile

SunCar Technology Group Ltd is a Cayman Islands holding company that develops, manufactures and sells new energy smart vehicles in China. Through its PRC subsidiaries, the company integrates design, research and development, production and sales of low-speed electric vehicles, including passenger micro-cars, commercial vans and specialized light electric vehicles for applications such as last-mile delivery and campus transportation.

Headquartered in Kunshan, Jiangsu Province, SunCar serves customers across multiple regions of the People’s Republic of China.