ECARX Holdings Inc. (NASDAQ:ECX) Sees Significant Growth in Short Interest

ECARX Holdings Inc. (NASDAQ:ECXGet Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 593,900 shares, an increase of 576.4% from the February 13th total of 87,800 shares. Based on an average daily volume of 1,730,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, UBS Group began coverage on shares of ECARX in a research report on Tuesday, February 11th. They issued a “buy” rating and a $3.20 price objective for the company.

Check Out Our Latest Stock Report on ECARX

Institutional Investors Weigh In On ECARX

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new stake in ECARX in the 4th quarter valued at about $630,000. Jane Street Group LLC bought a new stake in shares of ECARX in the fourth quarter valued at approximately $364,000. Barclays PLC purchased a new stake in shares of ECARX during the 4th quarter valued at approximately $348,000. Virtu Financial LLC bought a new position in ECARX in the 4th quarter worth approximately $319,000. Finally, Marshall Wace LLP purchased a new position in ECARX in the 4th quarter valued at approximately $245,000.

ECARX Stock Down 1.2 %

ECX traded down $0.04 during trading on Friday, hitting $2.80. 900,878 shares of the company traded hands, compared to its average volume of 595,669. ECARX has a one year low of $0.96 and a one year high of $3.25. The stock’s fifty day moving average is $2.05 and its 200 day moving average is $1.91. The firm has a market cap of $944.57 million, a P/E ratio of -5.67 and a beta of 0.22.

ECARX Company Profile

(Get Free Report)

ECARX Holdings Inc develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack.

Further Reading

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