It is currently trading at $7.30 which is marginally higher than $6.82, the stock’s 50 day moving average and which is quite a bit above the 200 day moving average of $4.78. The 50 day moving average moved up $0.48 and the 200 day average went up $2.52 or +52.81%. 782K shares changed hands in the last trading session. Trading volume was down 45.27% under the stocks average daily volume.
Investors are a little more bearish on shares of Kandi Technologies Group, Inc. if you consider the motion in short interest. The company had a rise in short interest from September 29, 2017 to October 13, 2017 of 13.97%. Short shares increased 612,727 over that period. With short interest at 4,999,904 and short average daily volume at 2,197,249, days to cover is 2.0 and the percentage of shorted shares is 0.10% as of October 13.
These firms have modified their investment in KNDI. As of quarter end Kcg Holdings, Inc. had acquired a total of 613 shares growing its stake by 4.2%. The value of the investment in KNDI went from $55,000 to $68,000 increasing 23.6% quarter to quarter. Private Advisor Group, LLC added to its stake by buying 3,685 shares an increase of 19.4% as of 06/30/2017. Private Advisor Group, LLC currently owns 22,685 shares valued at $100,000. The total value of its holdings decreased 0.0%.
Cutler Group LP downsized its holdings by selling 2,800 shares a decrease of 63.6%. Cutler Group LP now holds 1,600 shares worth $5,000. The value of the position overall is down by 0.0%. As of the end of the quarter Bank Of Montreal /can/ had sold 46,000 shares trimming its position 30.6%. The value of the company’s investment in Kandi Technologies Group, Inc. decreased from $668,000 to $599,000 a change of $69,000 for the reporting period.
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..