Short Interest in Nxu, Inc. (NASDAQ:NXU) Expands By 2,188.9%

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 trading volume of 17,450,000 shares, the days-to-cover ratio is currently 0.2 days.

NXU Price Performance

Shares of NXU stock traded down $0.06 on Monday, hitting $0.69. The stock had a trading volume of 1,618,627 shares, compared to its average volume of 7,013,870. NXU has a 52-week low of $0.21 and a 52-week high of $2.25. The stock’s 50 day moving average is $0.43 and its 200-day moving average is $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.