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

Nxu, Inc. (NASDAQ:NXU) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 451,900 shares, a growth of 59.2% from the February 28th total of 283,800 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 19,490,000 shares, the days-to-cover ratio is currently 0.0 days.

NXU Stock Down 10.0 %

Shares of NASDAQ:NXU traded down $0.02 during midday trading on Friday, reaching $0.15. The company’s stock had a trading volume of 3,024,651 shares, compared to its average volume of 10,719,895. The firm has a 50 day moving average of $0.31 and a 200-day moving average of $0.36. The firm has a market capitalization of $6.73 million, a P/E ratio of -0.08 and a beta of -2.55. NXU has a 12-month low of $0.15 and a 12-month high of $2.25.

NXU (NASDAQ:NXU) last announced its quarterly earnings data on Monday, March 17th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.07. NXU had a negative net margin of 5,280.30% and a negative return on equity of 219.40%. The business had revenue of $33.47 million for the quarter.

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.