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

Nxu, Inc. (NASDAQ:NXU) was the target of a significant growth in short interest in the month of 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 currently 0.2 days.

NXU Stock Down 8.1 %

Shares of NXU stock traded down $0.05 during trading on Wednesday, hitting $0.56. The company’s stock had a trading volume of 1,423,686 shares, compared to its average volume of 5,714,332. NXU has a 52 week low of $0.21 and a 52 week high of $2.25. The company has a fifty day simple moving average of $0.43 and a two-hundred day simple moving average of $0.37.

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.