ECARX Holdings, Inc. (NASDAQ:ECX) Short Interest Down 18.0% in March

ECARX Holdings, Inc. (NASDAQ:ECX - Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 4,402,476 shares, a decline of 18.0% from the March 15th total of 5,371,792 shares. Currently, 1.5% of the company's stock are short sold. Based on an average daily trading volume, of 3,943,500 shares, the days-to-cover ratio is presently 1.1 days.ECARX Stock Up 3.5%Shares of ECARX stock traded up $0.04 on Thursday, reaching $1.19. The company's stock had a trading volume of 2,092,025 shares, compared to its average volume of 3,958,781. The company has a market capitalization of $424.20 million, a price-to-earnings ratio of -5.95 and a beta of 0.96. The firm's fifty day simple moving average is $1.34 and its two-hundred day simple moving average is $1.76. ECARX has a 52 week low of $0.84 and a 52 week high of $2.70. ECARX (NASDAQ:ECX - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.04. The business had revenue of $301.06 million during the quarter, compared to the consensus estimate of $311.90 million. As a group, research analysts predict that ECARX will post -0.42 EPS for the current year. Hedge Funds Weigh In On ECARXA number of institutional investors and hedge funds have recently modified their holdings of ECX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of ECARX in the 4th quarter worth $47,000. Millennium Management LLC purchased a new position in shares of ECARX in the fourth quarter worth approximately $48,000. Integrated Wealth Concepts LLC purchased a new position in shares of ECARX in the third quarter worth approximately $51,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of ECARX in the fourth quarter worth approximately $58,000. Finally, Squarepoint Ops LLC purchased a new position in shares of ECARX in the third quarter worth approximately $59,000. Analyst Upgrades and DowngradesA number of analysts have commented on ECX shares. Weiss Ratings reissued a "sell (e+)" rating on shares of ECARX in a report on Wednesday, January 21st. Zacks Research raised ECARX from a "strong sell" rating to a "hold" rating in a report on Tuesday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ECARX presently has a consensus rating of "Reduce".Read Our Latest Report on ECXAbout ECARX (Get Free Report)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).Featured StoriesFive stocks we like better than ECARXThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in ECARX Right Now?Before you consider ECARX, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ECARX wasn't on the list.While ECARX currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here