ECARX Holdings, Inc. (NASDAQ:ECX) Short Interest Update

ECARX Holdings, Inc. (NASDAQ:ECX) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 4,043,999 shares, an increase of 35.9% from the January 15th total of 2,974,914 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 5,407,783 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 5,407,783 shares, the short-interest ratio is presently 0.7 days. Approximately 1.4% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ECX shares. Wall Street Zen upgraded shares of ECARX from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (e+)” rating on shares of ECARX in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ECARX currently has an average rating of “Sell”.

Institutional Trading of ECARX

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its stake in ECARX by 194.3% in the fourth quarter. Jane Street Group LLC now owns 2,309,869 shares of the company’s stock valued at $3,973,000 after buying an additional 1,525,093 shares in the last quarter. Legal & General Group Plc bought a new stake in ECARX in the 2nd quarter valued at $2,341,000. Tudor Investment Corp ET AL boosted its stake in ECARX by 430.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,279,950 shares of the company’s stock worth $2,573,000 after purchasing an additional 1,038,476 shares during the period. Citadel Advisors LLC bought a new position in ECARX during the 3rd quarter worth about $2,054,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of ECARX in the 2nd quarter valued at about $1,722,000.

ECARX Trading Down 6.8%

Shares of ECX stock traded down $0.12 on Monday, hitting $1.65. The stock had a trading volume of 3,350,357 shares, compared to its average volume of 4,147,643. ECARX has a twelve month low of $0.76 and a twelve month high of $3.25. The company has a fifty day moving average price of $1.79 and a two-hundred day moving average price of $1.89. The firm has a market cap of $611.70 million, a P/E ratio of -8.25 and a beta of 0.76.

ECARX (NASDAQ:ECX) last posted its earnings results on Thursday, February 12th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. The business had revenue of $301.06 million for the quarter, compared to the consensus estimate of $311.90 million. On average, analysts expect that ECARX will post -0.42 earnings per share for the current year.

ECARX Company Profile

ECARX is a global automotive technology company focused on developing and delivering smart cockpit solutions for original equipment manufacturers (OEMs). The company designs and manufactures a range of in-vehicle computing platforms, central processing units, digital instrument clusters and multimedia infotainment systems. ECARX’s core offerings integrate software, hardware and cloud connectivity to create seamless user experiences for drivers and passengers.

The company’s product portfolio spans telematics control units, over-the-air update frameworks and next-generation human-machine interfaces (HMI).