Short Interest in Lotus Technology Inc. (NASDAQ:LOTWW) Declines By 21.9%

Lotus Technology Inc. (NASDAQ:LOTWW) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 16,400 shares, a drop of 21.9% from the August 15th total of 21,000 shares. Based on an average daily trading volume, of 9,200 shares, the short-interest ratio is currently 1.8 days.

Lotus Technology Price Performance

LOTWW stock traded down $0.05 during midday trading on Friday, reaching $0.25. The stock had a trading volume of 1,951 shares, compared to its average volume of 45,978. The firm has a fifty day simple moving average of $0.31. Lotus Technology has a 52-week low of $0.25 and a 52-week high of $1.45.

Lotus Technology Company Profile

Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.