Thunder Power Holdings, Inc. (NASDAQ:AIEV) Sees Significant Increase in Short Interest

Thunder Power Holdings, Inc. (NASDAQ:AIEV) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 720,400 shares, a growth of 337.4% from the February 28th total of 164,700 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 1,030,000 shares, the short-interest ratio is presently 0.7 days.

Thunder Power Stock Down 5.4 %

NASDAQ:AIEV opened at $0.16 on Friday. Thunder Power has a twelve month low of $0.16 and a twelve month high of $3.98. The business has a 50 day moving average price of $0.23 and a two-hundred day moving average price of $0.33.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Thunder Power stock. Jane Street Group LLC purchased a new position in shares of Thunder Power Holdings, Inc. (NASDAQ:AIEV) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 83,037 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned approximately 0.16% of Thunder Power at the end of the most recent reporting period. 64.99% of the stock is owned by hedge funds and other institutional investors.

About Thunder Power

Thunder Power Holdings Limited manufactures passenger electric vehicles. Thunder Power Holdings Limited was founded in 2013 and is based in Kowloon, Hong Kong. Thunder Power Hong Kong Limited operates as a subsidiary of Electric Power Technology Limited.