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

ECARX Holdings Inc. (NASDAQ:ECX) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 538,200 shares, an increase of 16.4% from the March 15th total of 462,500 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 88,100 shares, the short-interest ratio is currently 6.1 days.

Institutional Investors Weigh In On ECARX

A number of hedge funds and other institutional investors have recently modified their holdings of ECX. JPMorgan Chase & Co. acquired a new position in ECARX during the second quarter worth about $72,000. Goldman Sachs Group Inc. acquired a new stake in ECARX during the 2nd quarter valued at approximately $102,000. Schonfeld Strategic Advisors LLC bought a new position in ECARX during the third quarter worth $51,000. Geode Capital Management LLC acquired a new position in shares of ECARX in the 4th quarter valued at about $344,000. Finally, Northern Trust Corp acquired a new position in shares of ECARX during the 4th quarter valued at $161,000.

ECARX Stock Performance

NASDAQ:ECX traded down $0.12 on Tuesday, reaching $1.56. The company’s stock had a trading volume of 74,903 shares, compared to its average volume of 85,944. The firm has a market cap of $527.20 million, a PE ratio of -4.11 and a beta of 0.13. The business’s 50-day moving average price is $2.25 and its two-hundred day moving average price is $2.77. ECARX has a 1-year low of $1.48 and a 1-year high of $9.34.

ECARX (NASDAQ:ECX) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $263.10 million during the quarter. As a group, sell-side analysts expect that ECARX will post -0.27 EPS for the current year.

About ECARX

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.