Short Interest in Innoviz Technologies Ltd. (NASDAQ:INVZW) Rises By 143.7%

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

Innoviz Technologies Price Performance

NASDAQ:INVZW traded up $0.00 during trading hours on Friday, reaching $0.01. The company’s stock had a trading volume of 24,073 shares, compared to its average volume of 44,216. The firm has a 50-day simple moving average of $0.02 and a 200-day simple moving average of $0.05. 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.