Kandi Technologies Group, Inc. (NASDAQ:KNDI – Get Rating) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,550,000 shares, a drop of 7.7% from the February 28th total of 1,680,000 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average trading volume of 176,900 shares, the short-interest ratio is currently 8.8 days.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Kandi Technologies Group in a research report on Monday. They set a "hold" rating for the company.
Get Kandi Technologies Group alerts:Institutional Trading of Kandi Technologies Group
Large investors have recently modified their holdings of the business. Caxton Associates LP grew its position in shares of Kandi Technologies Group by 9.6% in the third quarter. Caxton Associates LP now owns 264,065 shares of the company's stock valued at $557,000 after purchasing an additional 23,113 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Kandi Technologies Group by 6,097.6% in the third quarter. IFP Advisors Inc now owns 12,705 shares of the company's stock valued at $69,000 after acquiring an additional 12,500 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Kandi Technologies Group by 2.2% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 196,753 shares of the company's stock valued at $415,000 after acquiring an additional 4,160 shares during the last quarter. Renaissance Technologies LLC increased its position in Kandi Technologies Group by 14.1% during the 3rd quarter. Renaissance Technologies LLC now owns 44,600 shares of the company's stock worth $94,000 after purchasing an additional 5,500 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in Kandi Technologies Group by 26.1% during the 4th quarter. GSA Capital Partners LLP now owns 37,052 shares of the company's stock worth $85,000 after purchasing an additional 7,665 shares in the last quarter. 6.98% of the stock is currently owned by institutional investors and hedge funds.
Kandi Technologies Group Stock Performance
Shares of KNDI stock opened at $2.76 on Monday. Kandi Technologies Group has a fifty-two week low of $2.00 and a fifty-two week high of $3.65. The business has a fifty day simple moving average of $2.48 and a 200-day simple moving average of $2.53.
About Kandi Technologies Group
(Get Rating)
Kandi Technologies Group, Inc is a holding company, which engages in the development, production, and distribution of electric vehicle products and parts. It offers off-road vehicles including ATVs, utility vehicles, go-karts, and electric scooters. The company was founded on March 31, 2004 and is headquartered in Jinhua, China.
See Also
- Get a free copy of the StockNews.com research report on Kandi Technologies Group (KNDI)
- MarketBeat Week in Review – 3/27 – 3/31
- What is a Gold IRA, and is it a Viable Investment?
- Is Braze Inc Ready To Rocket Higher?
- Mullen Automotive Makes Deliveries; Short-Squeeze Possible
- Can Frontline Maintain This Momentum?
Receive News & Ratings for Kandi Technologies Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kandi Technologies Group and related companies with MarketBeat.com's FREE daily email newsletter.