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

by · The Markets Daily

Nxu, Inc. (NASDAQ:NXU – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 437,100 shares, an increase of 105.9% from the September 30th total of 212,300 shares. Based on an average daily volume of 262,200 shares, the days-to-cover ratio is presently 1.7 days.

NXU Price Performance

NASDAQ:NXU traded up $0.02 during trading hours on Friday, hitting $0.62. 9,803,781 shares of the company traded hands, compared to its average volume of 3,038,685. NXU has a twelve month low of $0.21 and a twelve month high of $5.97. The firm has a 50-day moving average of $0.28 and a 200 day moving average of $0.37.

NXU (NASDAQ:NXU – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.37) earnings per share (EPS) for the quarter. The business had revenue of $0.01 million during the quarter. NXU had a negative net margin of 5,198.23% and a negative return on equity of 419.01%.

About NXU

(Get Free Report)

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.

Featured Stories