Vuzix Corporation (NASDAQ:VUZI) Short Interest Up 100,064.8% in July

Key Points

• Vuzix Corporation experienced a dramatic increase in short interest in July, soaring by 100,064.8% to a total of 18,230,000 shares. This represents approximately 29.0% of the company's stock being short sold.
• The company's stock price currently hovers around $1.93, while it has a market capitalization of $146.76 million and a P/E ratio of -1.88.
• Institutional ownership among hedge funds and other investors is substantial, with 35.87% of Vuzix's stock held by these entities, highlighting significant interest in the company.

Vuzix Corporation (NASDAQ:VUZI - Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 18,230,000 shares, anincreaseof100,064.8% from the June 30th total of 18,200 shares. Based on an average daily trading volume, of 1,820,000 shares, the days-to-cover ratio is presently 10.0 days. Approximately29.0% of the shares of the stock are short sold. Approximately29.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,820,000 shares, the days-to-cover ratio is presently 10.0 days.

Vuzix Price Performance

Shares of NASDAQ:VUZI traded down $0.09 during midday trading on Friday, reaching $1.93. The company's stock had a trading volume of 766,399 shares, compared to its average volume of 1,816,687. Vuzix has a fifty-two week low of $0.83 and a fifty-two week high of $5.79. The company has a market capitalization of $146.76 million, a P/E ratio of -1.88 and a beta of 1.63. The business's fifty day simple moving average is $2.72 and its 200-day simple moving average is $2.69.

Vuzix (NASDAQ:VUZI - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.01. Vuzix had a negative return on equity of 198.84% and a negative net margin of 1,352.74%. The company had revenue of $1.58 million during the quarter, compared to analyst estimates of $1.34 million.

Institutional Trading of Vuzix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Vuzix by 130.9% in the fourth quarter. Wells Fargo & Company MN now owns 7,056 shares of the company's stock worth $28,000 after purchasing an additional 4,000 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in Vuzix in the second quarter worth about $32,000. ExodusPoint Capital Management LP acquired a new stake in Vuzix in the fourth quarter worth about $50,000. Tudor Investment Corp ET AL acquired a new stake in Vuzix in the fourth quarter worth about $61,000. Finally, American Century Companies Inc. acquired a new stake in Vuzix in the first quarter worth about $35,000. 35.87% of the stock is currently owned by institutional investors and hedge funds.

Vuzix Company Profile

Vuzix Corporation designs, manufactures, and markets smart glasses and augmented reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. The company's products include head-mounted smart personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as original equipment manufacturer waveguide optical components and display engines.

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