Short Interest in Nxu, Inc. (NASDAQ:NXU) Declines By 76.9%

Nxu, Inc. (NASDAQ:NXUGet Free Report) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 409,300 shares, a decline of 76.9% from the October 31st total of 1,770,000 shares. Based on an average daily volume of 6,840,000 shares, the days-to-cover ratio is currently 0.1 days.

NXU Price Performance

NASDAQ:NXU traded up $0.01 on Wednesday, reaching $0.27. 242,434 shares of the company’s stock were exchanged, compared to its average volume of 2,862,575. The stock has a fifty day simple moving average of $0.33 and a 200-day simple moving average of $0.36. NXU has a 52 week low of $0.21 and a 52 week high of $5.69.

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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