SunCar Technology Group Inc. (NASDAQ:SDAWW) Sees Large Decrease in Short Interest
by Amy Steele · The Cerbat GemSunCar Technology Group Inc. (NASDAQ:SDAWW – Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 345 shares, a decline of 57.1% from the April 30th total of 805 shares. Based on an average trading volume of 3,086 shares, the short-interest ratio is presently 0.1 days.
SunCar Technology Group Trading Up 17.3%
SDAWW stock traded up $0.01 during mid-day trading on Friday, reaching $0.08. 5,088 shares of the stock traded hands, compared to its average volume of 15,385. The business has a 50-day moving average price of $0.15 and a two-hundred day moving average price of $0.09. SunCar Technology Group has a one year low of $0.03 and a one year high of $0.25.
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.