Nxu, Inc. (NASDAQ:NXU) Short Interest Up 2,188.9% in December

Nxu, Inc. (NASDAQ:NXU) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 3,740,000 shares, a growth of 2,188.9% from the December 15th total of 163,400 shares. Based on an average daily trading volume, of 17,450,000 shares, the days-to-cover ratio is presently 0.2 days.

NXU Stock Down 7.8 %

NXU stock traded down $0.05 during mid-day trading on Wednesday, hitting $0.56. 1,368,752 shares of the company’s stock traded hands, compared to its average volume of 5,706,857. NXU has a one year low of $0.21 and a one year high of $2.25. The firm has a 50 day moving average price of $0.43 and a 200 day moving average price of $0.37.

NXU Company Profile

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.