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

Innoviz Technologies Ltd. (NASDAQ:INVZW) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 16,647 shares, an increase of 143.7% from the January 15th total of 6,830 shares. Based on an average trading volume of 47,949 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 47,949 shares, the short-interest ratio is presently 0.3 days.

Innoviz Technologies Price Performance

Shares of INVZW stock traded up $0.00 during trading hours on Friday, hitting $0.01. 24,073 shares of the company’s stock traded hands, compared to its average volume of 44,216. Innoviz Technologies has a 12-month low of $0.00 and a 12-month high of $0.14. The stock’s fifty day simple moving average is $0.02 and its two-hundred day simple moving average is $0.05.

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.