Innoviz Technologies Ltd. (NASDAQ:INVZW) Sees Significant Increase in Short Interest

Innoviz Technologies Ltd. (NASDAQ:INVZW) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 6,725 shares, a growth of 19.4% from the February 26th total of 5,630 shares. Based on an average daily trading volume, of 16,559 shares, the days-to-cover ratio is currently 0.4 days.

Innoviz Technologies Stock Performance

Shares of Innoviz Technologies stock traded down $0.00 during trading on Wednesday, hitting $0.00. The stock had a trading volume of 214,518 shares, compared to its average volume of 63,067. The stock has a 50 day simple moving average of $0.01 and a 200 day simple moving average of $0.03. Innoviz Technologies has a 1 year low of $0.00 and a 1 year 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.