Nxu, Inc. (NASDAQ:NXU) Short Interest Up 59.2% in March

Nxu, Inc. (NASDAQ:NXU) saw a large 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. Approximately 3.0% of the company’s shares are short sold. Based on an average daily trading volume, of 19,490,000 shares, the short-interest ratio is presently 0.0 days.

NXU Price Performance

Shares of NASDAQ:NXU traded down $0.38 during trading on Monday, reaching $2.66. 156,634 shares of the company were exchanged, compared to its average volume of 529,763. The firm has a market capitalization of $117.71 million, a PE ratio of -1.32 and a beta of -2.55. The business’s fifty day simple moving average is $0.31 and its 200-day simple moving average is $0.36. NXU has a 12-month low of $2.50 and a 12-month high of $45.00.

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