Short Interest in SunCar Technology Group Inc. (NASDAQ:SDAWW) Drops By 57.1%

SunCar Technology Group Inc. (NASDAQ:SDAWWGet Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 345 shares, a decrease of 57.1% from the April 30th total of 805 shares. Based on an average daily volume of 3,086 shares, the short-interest ratio is presently 0.1 days.

SunCar Technology Group Stock Performance

SDAWW traded down $0.00 on Monday, reaching $0.08. 5,088 shares of the stock were exchanged, compared to its average volume of 15,385. The company’s 50-day moving average price is $0.15 and its 200 day moving average price is $0.09. SunCar Technology Group has a fifty-two week low of $0.03 and a fifty-two week high of $0.25.

SunCar Technology Group Company Profile

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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.

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