SunCar Technology Group Inc. (NASDAQ:SDAWW) Sees Significant Drop in Short Interest

SunCar Technology Group Inc. (NASDAQ:SDAWW) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 3,632 shares, a decline of 66.1% from the February 12th total of 10,728 shares. Based on an average trading volume of 20,043 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 20,043 shares, the short-interest ratio is presently 0.2 days.

SunCar Technology Group Stock Performance

Shares of SunCar Technology Group stock traded up $0.00 on Friday, hitting $0.07. 14,021 shares of the company’s stock traded hands, compared to its average volume of 13,375. The firm’s 50-day moving average price is $0.05 and its two-hundred day moving average price is $0.05. SunCar Technology Group has a one year low of $0.03 and a one year high of $0.24.

About SunCar Technology Group

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.