Kandi Technologies Group, Inc. (NASDAQ:KNDI) Stock Closed 23.0% Above Its 50 Day Moving Average

0
72

Company shares are trading at $7.80 well above the 50 day moving average which is $6.34 and which is quite a bit higher than the 200 day moving average of $4.65. The 50 day moving average went up by +22.98% and the 200 day average went up by +67.75%. Kandi Technologies Group, Inc. shares had a trading volume of 1,035K on Tuesday. Trading volume was up 743.40% over the stocks average daily volume.

Investors are feeling more bullish on shares of the company as shown by the motion in short interest. The stock saw a fall in short interest of -12.01% between September 15, 2017 and September 29, 2017. Short interest decreased from 4,986,272 to 4,387,177 over that timeframe. With short interest at 4,387,177 and short average daily volume at 500,038, days to cover is 9.0 and the percentage of shorted shares was 0.09% on September 29.

A few notable investment firms have updated their holdings. As of quarter end Kcg Holdings, Inc. had bought a total of 613 shares growing its stake by 4.2%. The value of the investment in (KNDI) increased from $55,000 to $68,000 a change of $13,000 for the reporting period. As of the end of the quarter Private Advisor Group, LLC had acquired 3,685 shares growing its holdings by 19.4%. The value of the investment in Kandi Technologies Group, Inc. went from $100,000 to $100,000 decreasing 0.0% quarter over quarter.

As of the end of the quarter Cutler Group LP had disposed of a total of 2,800 shares trimming its position 63.6%. The value of the investment in KNDI decreased from $5,000 to $5,000 a change of 0.0% since the last quarter. Bank Of Montreal /can/ divested its position by shedding 46,000 shares a decrease of 30.6% in the quarter. Bank Of Montreal /can/ claims 104,200 shares valued at $599,000. The total value of its holdings decreased 10.3%.

Kandi Technologies Group, Inc. (Kandi), launched on March 31, 2004, is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Business’s business operations are the design, development, manufacturing and commercialization of electric vehicles, electric vehicle parts and off-road vehicles, which are distributed in China and global markets. Its products include EV parts, EV products and off-road vehicles, including all-terrain vehicles (ATVs), utility vehicles (UTVs), go-karts and others. The Company conducts its business operations through its subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (Kandi Vehicles), and the partial subsidiaries of Kandi Vehicles. The Company focuses on fuel efficient, pure EV parts manufacturing. Its subsidiary, Jinhua Kandi New Energy Vehicles Co., Ltd. (Kandi New Energy), holds battery packing production rights (license), and supplies the battery pack to the joint venture (JV) Company. It also holds the special-purpose vehicle production rights (license) on manufacturing Kandi brand electric utility vehicles..

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.