SunCar Technology Group Inc. (NASDAQ:SDA) Sees Significant Growth in Short Interest

SunCar Technology Group Inc. (NASDAQ:SDA) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 312,600 shares, an increase of 15.9% from the November 15th total of 269,600 shares. Based on an average trading volume of 325,500 shares, the short-interest ratio is currently 1.0 days. Approximately 0.9% of the company’s shares are short sold.

SunCar Technology Group Trading Up 4.4 %

NASDAQ SDA traded up $0.37 on Monday, hitting $8.76. The company’s stock had a trading volume of 331,282 shares, compared to its average volume of 296,107. The company’s 50-day simple moving average is $9.73 and its 200 day simple moving average is $9.43. SunCar Technology Group has a 52-week low of $5.71 and a 52-week high of $11.74.

Hedge Funds Weigh In On SunCar Technology Group

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in SunCar Technology Group by 4.8% during the third quarter. Geode Capital Management LLC now owns 24,434 shares of the company’s stock worth $269,000 after buying an additional 1,116 shares during the period. XTX Topco Ltd grew its position 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 purchasing an additional 3,596 shares during the period. Finally, State Street Corp grew its position in shares of SunCar Technology Group by 33.5% during the 3rd quarter. State Street Corp now owns 15,461 shares of the company’s stock valued at $170,000 after acquiring an additional 3,877 shares during the period. 0.26% of the stock is currently owned by hedge funds and other institutional investors.

SunCar Technology Group Company Profile

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.