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

Innoviz Technologies Ltd. (NASDAQ:INVZW) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 24,783 shares, a drop of 49.9% from the November 30th total of 49,506 shares. Based on an average daily volume of 48,827 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 48,827 shares, the days-to-cover ratio is currently 0.5 days.

Innoviz Technologies Price Performance

INVZW stock traded down $0.00 during midday trading on Friday, reaching $0.03. The company had a trading volume of 37,176 shares, compared to its average volume of 95,303. The firm has a 50-day moving average price of $0.04 and a 200-day moving average price of $0.07. Innoviz Technologies has a 1 year low of $0.03 and a 1 year high of $0.30.

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.