Gauzy (NASDAQ:GAUZ) Short Interest Update

Gauzy (NASDAQ:GAUZ) saw a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 77,900 shares, a drop of 6.9% from the July 31st total of 83,700 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 119,900 shares, the days-to-cover ratio is presently 0.6 days.

Gauzy Stock Down 8.2 %

Gauzy stock opened at $9.86 on Wednesday. The stock’s 50 day moving average is $10.53. Gauzy has a twelve month low of $8.17 and a twelve month high of $17.10. The company has a quick ratio of 1.03, a current ratio of 1.19 and a debt-to-equity ratio of 0.38.

Gauzy (NASDAQ:GAUZ) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.48). The company had revenue of $24.41 million during the quarter, compared to analysts’ expectations of $23.83 million. Analysts predict that Gauzy will post -1.96 earnings per share for the current fiscal year.

Institutional Trading of Gauzy

Several hedge funds have recently made changes to their positions in GAUZ. Point72 DIFC Ltd acquired a new position in shares of Gauzy during the second quarter worth about $170,000. Skylands Capital LLC purchased a new stake in Gauzy in the 2nd quarter valued at approximately $825,000. Empyrean Capital Partners LP acquired a new position in Gauzy during the 2nd quarter worth approximately $1,202,000. Millennium Management LLC purchased a new position in shares of Gauzy during the 2nd quarter worth approximately $2,824,000. Finally, Driehaus Capital Management LLC purchased a new position in shares of Gauzy during the 2nd quarter worth approximately $4,289,000.

Analysts Set New Price Targets

GAUZ has been the subject of several research reports. Stifel Nicolaus began coverage on Gauzy in a report on Monday, July 1st. They issued a “buy” rating and a $18.00 target price for the company. Barclays assumed coverage on Gauzy in a report on Monday, July 1st. They issued an “overweight” rating and a $24.00 price objective for the company. TD Cowen started coverage on shares of Gauzy in a report on Monday, July 1st. They issued a “buy” rating and a $24.00 target price on the stock. Finally, B. Riley began coverage on shares of Gauzy in a research note on Tuesday, July 2nd. They set a “buy” rating and a $21.00 price target for the company.

About Gauzy

Gauzy Ltd. is a fully-integrated light and vision control company which focused on the research, development, manufacturing and marketing of vision and light control technologies. It operates principally in Germany, France, the United States, Canada, China, Singapore and Dubai. Gauzy Ltd. is headquartered in Tel Aviv, Israel.