ECARX Holdings Inc. (NASDAQ:ECX) Short Interest Up 16.4% in March

ECARX Holdings Inc. (NASDAQ:ECX) was the target 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. Based on an average daily volume of 88,100 shares, the days-to-cover ratio is presently 6.1 days. Currently, 0.5% of the shares of the company are short sold.

ECARX Stock Down 7.1 %

ECX stock traded down $0.12 on Tuesday, reaching $1.56. 74,903 shares of the company’s stock were exchanged, compared to its average volume of 85,944. ECARX has a twelve month low of $1.48 and a twelve month high of $9.34. The stock has a fifty day moving average of $2.25 and a 200-day moving average of $2.77. The firm has a market cap of $527.20 million, a PE ratio of -4.11 and a beta of 0.13.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Invesco Ltd. grew its stake in shares of ECARX by 2.6% in the third quarter. Invesco Ltd. now owns 270,982 shares of the company’s stock valued at $840,000 after buying an additional 6,793 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in ECARX in the 2nd quarter valued at approximately $72,000. Goldman Sachs Group Inc. bought a new stake in shares of ECARX during the 2nd quarter worth about $102,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of ECARX in the 3rd quarter worth $51,000. Finally, Geode Capital Management LLC lifted its stake in ECARX by 38.7% during the second quarter. Geode Capital Management LLC now owns 100,990 shares of the company’s stock valued at $703,000 after purchasing an additional 28,184 shares during the last quarter.

ECARX Company Profile

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.