Vuzix Co. (NASDAQ:VUZI) Short Interest Update

Vuzix Co. (NASDAQ:VUZI) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 9,120,000 shares, a growth of 20.5% from the July 31st total of 7,570,000 shares. Approximately 15.0% of the shares of the stock are sold short. Based on an average trading volume of 732,100 shares, the days-to-cover ratio is currently 12.5 days.

Vuzix Price Performance

NASDAQ:VUZI opened at $0.86 on Friday. The firm has a market capitalization of $55.86 million, a price-to-earnings ratio of -1.09 and a beta of 1.53. The company’s 50-day moving average is $1.15 and its two-hundred day moving average is $1.32. Vuzix has a 1-year low of $0.83 and a 1-year high of $4.20.

Vuzix (NASDAQ:VUZI) last posted its earnings results on Wednesday, August 14th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The firm had revenue of $1.09 million during the quarter. Vuzix had a negative net margin of 1,285.06% and a negative return on equity of 114.41%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Vuzix

Several institutional investors and hedge funds have recently bought and sold shares of VUZI. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Vuzix by 23.8% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 132,527 shares of the company’s stock worth $276,000 after acquiring an additional 25,480 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Vuzix by 26.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 270,226 shares of the company’s stock worth $327,000 after acquiring an additional 56,905 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Vuzix by 86.9% in the 1st quarter. BNP Paribas Financial Markets now owns 279,650 shares of the company’s stock worth $338,000 after acquiring an additional 130,012 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Vuzix in the 1st quarter worth approximately $28,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Vuzix in the 1st quarter worth approximately $27,000. 35.87% of the stock is currently owned by institutional investors and hedge funds.

Vuzix Company Profile

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.