Short Interest in Nxu, Inc. (NASDAQ:NXU) Drops By 78.6%

Nxu, Inc. (NASDAQ:NXU) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 96,900 shares, a decline of 78.6% from the March 15th total of 451,900 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 776,800 shares, the days-to-cover ratio is currently 0.1 days.

NXU Stock Performance

Shares of NXU stock opened at $2.45 on Tuesday. NXU has a 52-week low of $1.84 and a 52-week high of $45.00. The company has a fifty day moving average of $4.74 and a 200-day moving average of $6.96. The stock has a market capitalization of $5.42 million, a price-to-earnings ratio of -0.06 and a beta of -1.69.

NXU (NASDAQ:NXU) last issued its earnings results on Monday, March 17th. The company reported ($2.60) earnings per share for the quarter, beating the consensus estimate of ($4.00) by $1.40. The company had revenue of $33.47 million during the quarter. NXU had a negative return on equity of 219.40% and a negative net margin of 5,280.30%.

NXU Company Profile

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.