Short Interest in VOXX International Co. (NASDAQ:VOXX) Drops By 26.0%

VOXX International Co. (NASDAQ:VOXX) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 660,800 shares, a decrease of 26.0% from the November 30th total of 892,400 shares. Based on an average daily volume of 185,100 shares, the short-interest ratio is currently 3.6 days. Approximately 12.7% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on VOXX International in a research note on Saturday. They set a “hold” rating on the stock.

Institutional Trading of VOXX International

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tenzing Global Management LLC bought a new stake in VOXX International during the third quarter worth about $6,201,000. State Street Corp lifted its position in VOXX International by 5.4% in the 3rd quarter. State Street Corp now owns 52,408 shares of the auto parts company’s stock worth $333,000 after buying an additional 2,700 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in VOXX International in the third quarter worth approximately $142,000. Moors & Cabot Inc. grew its position in VOXX International by 6.1% during the third quarter. Moors & Cabot Inc. now owns 139,256 shares of the auto parts company’s stock valued at $886,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of VOXX International by 40.7% during the third quarter. Empowered Funds LLC now owns 100,172 shares of the auto parts company’s stock worth $637,000 after acquiring an additional 28,982 shares in the last quarter. Hedge funds and other institutional investors own 71.00% of the company’s stock.

VOXX International Trading Up 0.3 %

Shares of VOXX International stock opened at $7.31 on Monday. The company’s 50-day moving average price is $7.45 and its 200-day moving average price is $5.40. The company has a market cap of $164.51 million, a price-to-earnings ratio of -6.59 and a beta of 1.21. VOXX International has a 12-month low of $2.27 and a 12-month high of $11.31. The company has a current ratio of 2.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20.

VOXX International (NASDAQ:VOXX) last issued its quarterly earnings data on Thursday, October 10th. The auto parts company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $92.49 million for the quarter. VOXX International had a negative return on equity of 9.88% and a negative net margin of 6.06%.

About VOXX International

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. It offers automotive security, vehicle access, and remote start modules and systems; smart phone telematics applications; mobile multi-media infotainment products and rear-seat entertainment products, including overhead, seat-back, and headrest systems; rear observation and collision avoidance systems; 360 camera applications; satellite radios comprising plug and play, and direct connect models; cruise control systems; audio products; heated seats; interior lighting solutions; security and shock sensors; turn signal switches; puddle lamps; box lights; harnesses; electric vehicle sound systems; and logo lighting modules.