Short Interest in Innoviz Technologies Ltd. (NASDAQ:INVZW) Decreases By 54.8%

Innoviz Technologies Ltd. (NASDAQ:INVZW) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 11,205 shares, a decline of 54.8% from the December 15th total of 24,783 shares. Based on an average trading volume of 69,138 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 69,138 shares, the short-interest ratio is currently 0.2 days.

Innoviz Technologies Trading Down 0.5%

Shares of Innoviz Technologies stock traded down $0.00 during trading hours on Thursday, reaching $0.02. 29,320 shares of the company’s stock were exchanged, compared to its average volume of 44,672. Innoviz Technologies has a 52-week low of $0.02 and a 52-week high of $0.22. The company has a fifty day moving average of $0.03 and a 200-day moving average of $0.06.

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.