Gauzy (NASDAQ:GAUZ) Sees Significant Drop in Short Interest

Gauzy (NASDAQ:GAUZ) was the target of a significant drop in short interest in August. As of August 15th, there was short interest totalling 77,900 shares, a drop of 6.9% from the July 31st total of 83,700 shares. Based on an average trading volume of 119,900 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Gauzy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ibex Investors LLC acquired a new position in shares of Gauzy in the 2nd quarter valued at $40,030,000. Driehaus Capital Management LLC purchased a new stake in Gauzy in the 2nd quarter valued at about $4,289,000. Millennium Management LLC acquired a new position in Gauzy in the second quarter valued at about $2,824,000. Empyrean Capital Partners LP purchased a new position in Gauzy during the second quarter worth about $1,202,000. Finally, Skylands Capital LLC acquired a new stake in shares of Gauzy during the second quarter valued at about $825,000.

Wall Street Analyst Weigh In

GAUZ has been the subject of a number of research reports. TD Cowen assumed coverage on shares of Gauzy in a report on Monday, July 1st. They set a “buy” rating and a $24.00 target price for the company. Barclays initiated coverage on shares of 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 issued a “buy” rating and a $21.00 price target for the company. Finally, Stifel Nicolaus initiated coverage on Gauzy in a research report on Monday, July 1st. They set a “buy” rating and a $18.00 price objective on the stock.

Gauzy Stock Performance

Gauzy stock opened at $9.86 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.19 and a debt-to-equity ratio of 0.38. The stock’s 50-day moving average price is $10.53. Gauzy has a 12-month low of $8.17 and a 12-month high of $17.10.

Gauzy (NASDAQ:GAUZ) last announced 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 firm had revenue of $24.41 million for the quarter, compared to analyst estimates of $23.83 million. On average, equities research analysts expect that Gauzy will post -1.96 earnings per share for the current fiscal 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.