Short Interest in Nxu, Inc. (NASDAQ:NXU) Decreases By 36.2%

Nxu, Inc. (NASDAQ:NXUGet Free Report) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 212,300 shares, a decline of 36.2% from the September 15th total of 332,900 shares. Based on an average daily trading volume, of 277,000 shares, the days-to-cover ratio is presently 0.8 days.

NXU Stock Performance

NASDAQ:NXU traded up $0.00 during mid-day trading on Monday, hitting $0.25. 60,609 shares of the stock traded hands, compared to its average volume of 1,141,318. NXU has a 52 week low of $0.21 and a 52 week high of $16.37. The firm’s 50 day moving average is $0.28 and its two-hundred day moving average is $0.39.

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

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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