Nxu, Inc. (NASDAQ:NXU) Short Interest Up 304.9% in October

Nxu, Inc. (NASDAQ:NXUGet Free Report) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,770,000 shares, an increase of 304.9% from the October 15th total of 437,100 shares. Based on an average daily volume of 6,740,000 shares, the days-to-cover ratio is currently 0.3 days.

NXU Stock Performance

Shares of NASDAQ:NXU traded down $0.03 during midday trading on Wednesday, hitting $0.37. 687,299 shares of the company’s stock traded hands, compared to its average volume of 2,961,936. NXU has a twelve month low of $0.21 and a twelve month high of $5.69. The firm’s fifty day moving average price is $0.32 and its two-hundred day moving average price is $0.38.

NXU Company Profile

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Nxu, Inc, formerly known as Atlis Motor Vehicles, is a US-owned technology company manufacturing innovative battery cells and battery packs, for use in advanced energy storage systems and megawatt charging stations.

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