Innoviz Technologies Ltd. (NASDAQ:INVZW) Short Interest Update

Innoviz Technologies Ltd. (NASDAQ:INVZW) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 5,630 shares, a drop of 50.7% from the February 12th total of 11,431 shares. Based on an average daily trading volume, of 13,690 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 13,690 shares, the days-to-cover ratio is presently 0.4 days.

Innoviz Technologies Stock Up 7.0%

Shares of INVZW traded up $0.00 during midday trading on Friday, hitting $0.00. 26,446 shares of the company traded hands, compared to its average volume of 34,475. The firm has a 50 day moving average of $0.01 and a 200-day moving average of $0.04. Innoviz Technologies has a 52 week low of $0.00 and a 52 week high of $0.14.

About Innoviz Technologies

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.