Innoviz Technologies Ltd. (NASDAQ:INVZW) Sees Large Increase in Short Interest

Innoviz Technologies Ltd. (NASDAQ:INVZW) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 6,725 shares, an increase of 19.4% from the February 26th total of 5,630 shares. Based on an average daily trading volume, of 16,559 shares, the short-interest ratio is presently 0.4 days.

Innoviz Technologies Stock Down 17.3%

Shares of INVZW stock opened at $0.00 on Thursday. Innoviz Technologies has a 12-month low of $0.00 and a 12-month high of $0.14. The business’s fifty day simple moving average is $0.01 and its 200-day simple moving average is $0.03.

Innoviz Technologies Company Profile

Innoviz Technologies is a leading provider of solid-state LiDAR sensors and perception software designed to enable advanced driver-assistance systems (ADAS) and autonomous vehicle (AV) applications. The company’s core business centers on the development and production of high-resolution, long-range LiDAR hardware—namely the InnovizOne sensor for series production and the InnovizPro development unit—paired with proprietary software that processes point-cloud data to detect, classify and track objects in real time.

Innoviz’s product suite combines ruggedized optical hardware with machine-learning algorithms to deliver precise environmental mapping under a wide range of conditions.