SunCar Technology Group Inc. (NASDAQ:SDAWW) Stock Short Interest Jumps 9,800.0%

SunCar Technology Group Inc. (NASDAQ:SDAWW) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 99 shares, an increase of 9,800.0% from the September 15th total of 1 shares. Based on an average trading volume of 12,615 shares, the days-to-cover ratio is presently 0.0 days.

SunCar Technology Group Price Performance

SDAWW stock remained flat at $0.08 during midday trading on Friday. The stock has a fifty day moving average price of $0.10 and a 200-day moving average price of $0.13. SunCar Technology Group has a one year low of $0.03 and a one year high of $0.25.

About SunCar Technology Group

SunCar Technology Group Inc is a China-based provider of digital automotive services. The company operates an online platform that connects vehicle owners, automobile dealerships, insurers and service providers, with a focus on automotive after-sales services and related consumer offerings.

Its services include vehicle maintenance, roadside assistance, repair and other automotive care solutions, which may be provided through dealership networks and third-party service partners. SunCar also offers online automobile-related services designed to support vehicle purchases and ownership, serving both individual consumers and corporate customers.

The company’s operations are primarily focused on the Chinese market, where it uses digital tools and service networks to facilitate access to automotive products and services.