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 the month of 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. Approximately29.0% of the company's 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. 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 company's stock are short sold.

Institutional Investors Weigh In On Vuzix

A number of large investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its position in shares of Vuzix by 73.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 30,935 shares of the company's stock worth $122,000 after acquiring an additional 13,085 shares during the period. Headlands Technologies LLC raised its position in shares of Vuzix by 141,419.4% in the fourth quarter. Headlands Technologies LLC now owns 101,894 shares of the company's stock worth $401,000 after acquiring an additional 101,822 shares during the period. Geode Capital Management LLC raised its position in shares of Vuzix by 7.8% in the fourth quarter. Geode Capital Management LLC now owns 725,827 shares of the company's stock worth $2,860,000 after acquiring an additional 52,365 shares during the period. ExodusPoint Capital Management LP acquired a new position in shares of Vuzix in the fourth quarter worth about $50,000. Finally, Wells Fargo & Company MN raised its position in shares of 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 acquiring an additional 4,000 shares during the period. 35.87% of the stock is owned by hedge funds and other institutional investors.

Vuzix Stock Up 1.3%

VUZI stock traded up $0.03 during trading on Tuesday, hitting $2.02. 402,666 shares of the company's stock traded hands, compared to its average volume of 1,804,064. The business has a fifty day simple moving average of $2.69 and a two-hundred day simple moving average of $2.66. Vuzix has a 1 year low of $0.83 and a 1 year high of $5.79. The firm has a market capitalization of $153.62 million, a P/E ratio of -1.96 and a beta of 1.40.

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

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.