Lotus Technology (NASDAQ:LOT) Sees Unusually-High Trading Volume – What’s Next?

Lotus Technology Inc. (NASDAQ:LOT) shares saw an uptick in trading volume on Friday . 102,272 shares changed hands during trading, a decline of 24% from the previous session’s volume of 134,506 shares.The stock last traded at $1.71 and had previously closed at $1.81.

Lotus Technology Stock Down 8.2 %

The stock has a 50 day simple moving average of $2.88 and a 200 day simple moving average of $3.97. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -1.04 and a beta of 0.14.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Mariner LLC acquired a new position in shares of Lotus Technology in the fourth quarter worth about $1,426,000. Tidal Investments LLC lifted its stake in shares of Lotus Technology by 39.0% in the fourth quarter. Tidal Investments LLC now owns 110,270 shares of the company’s stock worth $401,000 after acquiring an additional 30,933 shares in the last quarter. Townsquare Capital LLC acquired a new position in shares of Lotus Technology in the fourth quarter worth about $236,000. Orion Portfolio Solutions LLC acquired a new position in shares of Lotus Technology in the fourth quarter worth about $165,000. Finally, Savant Capital LLC acquired a new position in shares of Lotus Technology in the fourth quarter worth about $109,000. Institutional investors and hedge funds own 63.40% of the company’s stock.

Lotus Technology Company Profile

Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.