ECARX Holdings, Inc. (NASDAQ:ECX) Short Interest Update

ECARX Holdings, Inc. (NASDAQ:ECX) saw a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 2,559,323 shares, a drop of 28.7% from the February 12th total of 3,590,910 shares. Based on an average trading volume of 2,106,758 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.9% of the shares of the company are short sold. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 2,106,758 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Ratings Changes

ECX has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ECARX in a report on Wednesday, January 21st. Zacks Research lowered shares of ECARX from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

ECARX Stock Performance

ECARX stock traded down $0.02 during midday trading on Monday, reaching $1.11. 1,122,237 shares of the stock were exchanged, compared to its average volume of 4,551,879. ECARX has a 52 week low of $0.76 and a 52 week high of $3.07. The firm has a market cap of $409.66 million, a PE ratio of -5.53 and a beta of 0.77. The company’s fifty day moving average is $1.73 and its 200-day moving average is $1.88.

ECARX (NASDAQ:ECX) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04. The firm had revenue of $301.06 million during the quarter, compared to the consensus estimate of $311.90 million. On average, sell-side analysts anticipate that ECARX will post -0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ECARX

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew its stake in ECARX by 194.3% in the 4th quarter. Jane Street Group LLC now owns 2,309,869 shares of the company’s stock worth $3,973,000 after buying an additional 1,525,093 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of ECARX by 66.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 2,134,089 shares of the company’s stock worth $3,671,000 after acquiring an additional 854,139 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of ECARX by 56.9% during the 4th quarter. Renaissance Technologies LLC now owns 1,842,100 shares of the company’s stock worth $3,168,000 after acquiring an additional 667,800 shares during the last quarter. Legal & General Group Plc grew its position in ECARX by 1.4% in the third quarter. Legal & General Group Plc now owns 1,155,630 shares of the company’s stock worth $2,317,000 after acquiring an additional 16,420 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of ECARX in the 3rd quarter worth about $2,054,000.

ECARX Company Profile

ECARX is a global automotive technology company focused on developing and delivering smart cockpit solutions for original equipment manufacturers (OEMs). The company designs and manufactures a range of in-vehicle computing platforms, central processing units, digital instrument clusters and multimedia infotainment systems. ECARX’s core offerings integrate software, hardware and cloud connectivity to create seamless user experiences for drivers and passengers.

The company’s product portfolio spans telematics control units, over-the-air update frameworks and next-generation human-machine interfaces (HMI).