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

ECARX Holdings Inc. (NASDAQ:ECXGet Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 538,200 shares, a growth of 16.4% from the March 15th total of 462,500 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 88,100 shares, the days-to-cover ratio is currently 6.1 days.

ECARX Price Performance

Shares of ECX traded down $0.11 during trading hours on Friday, reaching $1.65. 30,189 shares of the company’s stock traded hands, compared to its average volume of 86,083. The firm has a market capitalization of $557.62 million, a price-to-earnings ratio of -4.34 and a beta of 0.13. ECARX has a twelve month low of $1.65 and a twelve month high of $9.34. The business’s fifty day simple moving average is $2.29 and its two-hundred day simple moving average is $2.80.

ECARX (NASDAQ:ECXGet Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $263.10 million during the quarter. On average, equities research analysts expect that ECARX will post -0.27 EPS for the current year.

Institutional Investors Weigh In On ECARX

A number of institutional investors have recently bought and sold shares of the business. Altshuler Shaham Ltd acquired a new stake in shares of ECARX in the fourth quarter worth $59,000. Invesco Ltd. grew its holdings in shares of ECARX by 2.6% in the 3rd quarter. Invesco Ltd. now owns 270,982 shares of the company’s stock worth $840,000 after purchasing an additional 6,793 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of ECARX by 38.7% in the 2nd quarter. Geode Capital Management LLC now owns 100,990 shares of the company’s stock worth $703,000 after purchasing an additional 28,184 shares during the last quarter. Northern Trust Corp bought a new stake in ECARX during the 4th quarter worth about $161,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in ECARX during the 3rd quarter worth about $51,000.

About ECARX

(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.

Recommended Stories

Receive News & Ratings for ECARX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ECARX and related companies with MarketBeat.com's FREE daily email newsletter.