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

SunCar Technology Group Inc. (NASDAQ:SDAWW) was the recipient of a large decrease in short interest in 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 trading volume of 3,086 shares, the days-to-cover ratio is currently 0.1 days.

SunCar Technology Group Trading Up 70.1%

Shares of NASDAQ:SDAWW traded up $0.06 during trading on Tuesday, reaching $0.14. 5,000 shares of the stock were exchanged, compared to its average volume of 15,384. SunCar Technology Group has a 12 month low of $0.03 and a 12 month high of $0.25. The stock has a 50-day moving average price of $0.15 and a 200-day moving average price of $0.09.

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.