Vuzix Co. (NASDAQ:VUZI) Short Interest Update

Vuzix Co. (NASDAQ:VUZI) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 7,320,000 shares, a drop of 17.2% from the June 30th total of 8,840,000 shares. Based on an average daily trading volume, of 788,900 shares, the short-interest ratio is presently 9.3 days. Approximately 12.3% of the company’s stock are short sold.

Institutional Trading of Vuzix

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of Vuzix by 86.9% in the first 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 period. SG Americas Securities LLC boosted its stake in shares of Vuzix by 219.7% in the 2nd quarter. SG Americas Securities LLC now owns 111,508 shares of the company’s stock worth $151,000 after buying an additional 76,626 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 buying an additional 56,905 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Vuzix by 23.8% in the fourth 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 period. Finally, Quadrature Capital Ltd purchased a new position in Vuzix in the first quarter worth about $28,000. 35.87% of the stock is currently owned by hedge funds and other institutional investors.

Vuzix Stock Performance

Shares of Vuzix stock traded down $0.03 during midday trading on Monday, hitting $1.28. The company had a trading volume of 117,966 shares, compared to its average volume of 742,898. Vuzix has a 52-week low of $1.10 and a 52-week high of $5.33. The stock has a market capitalization of $82.53 million, a P/E ratio of -1.65 and a beta of 1.53. The company has a 50 day moving average of $1.38 and a 200 day moving average of $1.45.

Vuzix (NASDAQ:VUZI) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.16) earnings per share for the quarter. Vuzix had a negative net margin of 502.48% and a negative return on equity of 56.58%. The company had revenue of $2.00 million for the quarter. During the same period in the previous year, the firm earned ($0.16) EPS.

Analyst Ratings Changes

Separately, Craig Hallum reduced their price target on Vuzix from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th.

About Vuzix

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.