VOXX International Co. (NASDAQ:VOXX) Sees Large Increase in Short Interest

VOXX International Co. (NASDAQ:VOXX) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 279,600 shares, a growth of 22.8% from the May 31st total of 227,600 shares. Based on an average daily volume of 78,200 shares, the short-interest ratio is currently 3.6 days. Approximately 3.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered VOXX International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st.

Hedge Funds Weigh In On VOXX International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Well Done LLC grew its holdings in shares of VOXX International by 902.6% during the 4th quarter. Well Done LLC now owns 1,742,558 shares of the auto parts company’s stock worth $18,611,000 after acquiring an additional 1,568,750 shares during the period. Public Employees Retirement System of Ohio lifted its position in VOXX International by 650.0% during the third quarter. Public Employees Retirement System of Ohio now owns 7,500 shares of the auto parts company’s stock valued at $60,000 after buying an additional 6,500 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of VOXX International by 27.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 28,475 shares of the auto parts company’s stock valued at $304,000 after buying an additional 6,171 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of VOXX International by 72.7% in the 1st quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock worth $46,000 after buying an additional 2,353 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of VOXX International by 8.0% in the 1st quarter. Empowered Funds LLC now owns 66,150 shares of the auto parts company’s stock worth $540,000 after acquiring an additional 4,900 shares in the last quarter. Hedge funds and other institutional investors own 71.00% of the company’s stock.

VOXX International Stock Down 7.1 %

Shares of NASDAQ:VOXX opened at $3.16 on Monday. VOXX International has a 1 year low of $3.00 and a 1 year high of $13.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.43 and a quick ratio of 1.11. The stock’s 50-day moving average is $4.51 and its 200 day moving average is $7.29. The company has a market cap of $71.23 million, a PE ratio of -1.83 and a beta of 1.23.

VOXX International (NASDAQ:VOXX) last announced its earnings results on Tuesday, May 14th. The auto parts company reported ($0.89) EPS for the quarter. The business had revenue of $108.08 million for the quarter. VOXX International had a negative net margin of 8.71% and a negative return on equity of 14.86%.

About VOXX International

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. Its Automotive Electronics segment offers mobile multi-media infotainment products, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; mobile interface modules; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats.