Vuzix Co. (NASDAQ:VUZI) Short Interest Update

Vuzix Co. (NASDAQ:VUZI) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 9,120,000 shares, an increase of 20.5% from the July 31st total of 7,570,000 shares. Based on an average trading volume of 732,100 shares, the short-interest ratio is presently 12.5 days. Approximately 15.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum decreased their target price on Vuzix from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Thursday, August 15th.

Vuzix Stock Down 1.4 %

VUZI opened at $0.86 on Friday. The firm has a market capitalization of $55.86 million, a P/E ratio of -1.09 and a beta of 1.53. The firm’s 50 day moving average is $1.15 and its 200-day moving average is $1.32. Vuzix has a 52-week low of $0.83 and a 52-week high of $4.20.

Vuzix (NASDAQ:VUZI) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The firm had revenue of $1.09 million during the quarter. Vuzix had a negative return on equity of 114.41% and a negative net margin of 1,285.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Mount Yale Investment Advisors LLC acquired a new position in shares of Vuzix in the 1st quarter valued at approximately $27,000. Mcrae Capital Management Inc. acquired a new stake in shares of Vuzix during the second quarter worth approximately $31,000. Quadrature Capital Ltd bought a new stake in shares of Vuzix in the first quarter worth $28,000. XTX Topco Ltd acquired a new stake in Vuzix in the second quarter valued at $32,000. Finally, Sei Investments Co. bought a new position in Vuzix during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 35.87% of the company’s stock.

About Vuzix

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, Europe, the Asia-Pacific, and internationally. It provides monocular smart glasses for enterprise, industrial, commercial, defense and security, and medical markets; Vuzix Z100, Vuzix Blade, and Vuzix Shield smart glasses; original equipment manufacturer waveguide optics and display engines; and Mobilium logistics mobility software, which removes traditional middleware, and supports various ERP systems and modern-day warehouse picking with wearable devices, as well as custom solutions and engineering solutions.