Nxu, Inc. (NASDAQ:NXU) Sees Large Decline in Short Interest

Nxu, Inc. (NASDAQ:NXUGet Free Report) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 283,800 shares, a decrease of 96.5% from the February 13th total of 8,000,000 shares. Based on an average daily volume of 19,290,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 1.9% of the shares of the company are short sold.

NXU Trading Up 2.9 %

NASDAQ:NXU traded up $0.01 during mid-day trading on Thursday, hitting $0.25. The stock had a trading volume of 378,602 shares, compared to its average volume of 12,565,542. NXU has a 52 week low of $0.21 and a 52 week high of $2.25. The company has a 50 day simple moving average of $0.43 and a 200-day simple moving average of $0.36.

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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