Nxu, Inc. (NASDAQ:NXU) Sees Significant Growth in Short Interest

Nxu, Inc. (NASDAQ:NXU) saw a significant 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 trading volume, of 6,740,000 shares, the days-to-cover ratio is presently 0.3 days.

NXU Stock Up 1.8 %

NXU stock traded up $0.01 during trading hours on Tuesday, hitting $0.40. 663,078 shares of the stock traded hands, compared to its average volume of 2,972,193. NXU has a 1 year low of $0.21 and a 1 year high of $5.69. The firm’s 50 day moving average price is $0.32 and its 200-day moving average price is $0.38.

About NXU

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.