Gauzy (NASDAQ:GAUZ) Short Interest Update

Gauzy (NASDAQ:GAUZ) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 65,100 shares, a decrease of 16.4% from the August 15th total of 77,900 shares. Based on an average trading volume of 85,400 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Gauzy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd purchased a new stake in shares of Gauzy during the second quarter worth approximately $170,000. Skylands Capital LLC acquired a new stake in Gauzy during the 2nd quarter worth $825,000. Empyrean Capital Partners LP purchased a new stake in shares of Gauzy during the second quarter worth $1,202,000. Ghisallo Capital Management LLC acquired a new stake in shares of Gauzy in the second quarter valued at about $1,491,000. Finally, Millennium Management LLC purchased a new position in shares of Gauzy in the second quarter worth about $2,824,000.

Analysts Set New Price Targets

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

Gauzy Price Performance

GAUZ stock opened at $9.62 on Monday. Gauzy has a 52-week low of $8.17 and a 52-week high of $17.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.19. The stock’s 50-day moving average price is $10.34.

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

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.