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

Innoviz Technologies Ltd. (NASDAQ:INVZW) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 18,700 shares, a growth of 59.8% from the June 15th total of 11,700 shares. Based on an average daily trading volume, of 3,200 shares, the short-interest ratio is presently 5.8 days.

Innoviz Technologies Trading Down 23.2 %

Innoviz Technologies stock opened at $0.22 on Friday. Innoviz Technologies has a 52 week low of $0.14 and a 52 week high of $3.01. The firm’s 50-day simple moving average is $0.21 and its 200 day simple moving average is $0.29.

Innoviz Technologies Company Profile

Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.