Short Interest in Gauzy (NASDAQ:GAUZ) Grows By 7.6%

Gauzy (NASDAQ:GAUZ) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 135,300 shares, a growth of 7.6% from the October 15th total of 125,800 shares. Based on an average daily trading volume, of 34,900 shares, the days-to-cover ratio is currently 3.9 days. Currently, 1.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GAUZ shares. Barclays lowered their price objective on Gauzy from $24.00 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 13th. B. Riley cut their target price on Gauzy from $15.50 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Finally, TD Cowen cut their target price on Gauzy from $24.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Gauzy Trading Down 1.4 %

GAUZ opened at $7.07 on Tuesday. The business has a fifty day moving average price of $9.01. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.40. Gauzy has a 12-month low of $6.78 and a 12-month high of $17.10.

Hedge Funds Weigh In On Gauzy

A number of institutional investors have recently added to or reduced their stakes in GAUZ. Ibex Investors LLC bought a new position in Gauzy in the second quarter worth $40,030,000. Driehaus Capital Management LLC bought a new position in shares of Gauzy during the second quarter valued at $4,289,000. Millennium Management LLC bought a new position in shares of Gauzy during the second quarter valued at $2,824,000. Ghisallo Capital Management LLC bought a new position in shares of Gauzy during the second quarter valued at $1,491,000. Finally, Empyrean Capital Partners LP bought a new position in shares of Gauzy during the second quarter valued at $1,202,000.

Gauzy Company Profile

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.