ZOOZ Power Ltd. (NASDAQ:ZOOZW) Sees Large Drop in Short Interest

ZOOZ Power Ltd. (NASDAQ:ZOOZW) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 654 shares, a drop of 97.7% from the December 15th total of 29,027 shares. Based on an average trading volume of 11,225 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 11,225 shares, the short-interest ratio is currently 0.1 days.

ZOOZ Power Stock Performance

NASDAQ:ZOOZW traded up $0.00 during mid-day trading on Monday, hitting $0.04. 1,887 shares of the stock were exchanged, compared to its average volume of 12,072. The firm’s 50-day simple moving average is $0.06 and its 200 day simple moving average is $0.10. ZOOZ Power has a fifty-two week low of $0.03 and a fifty-two week high of $0.35.

ZOOZ Power Company Profile

ZOOZ Power (NASDAQ:ZOOZW) is a developer and manufacturer of advanced energy storage and power conversion systems. The company focuses on the design, research and production of residential and commercial battery energy storage solutions, hybrid solar inverters and microgrid controllers. ZOOZ Power’s technology integrates power electronics and battery management software to deliver scalable and modular systems suitable for grid-tied, backup and off-grid applications.

The company’s product portfolio includes integrated AC- and DC-coupled battery energy storage units, solar hybrid inverters and energy management software.