Gauzy (NASDAQ:GAUZ) Sees Large Decrease in Short Interest

Gauzy (NASDAQ:GAUZ) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 123,000 shares, a drop of 35.9% from the December 15th total of 191,900 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily volume of 62,000 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors Weigh In On Gauzy

Hedge funds have recently bought and sold shares of the business. Ibex Investors LLC purchased a new position in shares of Gauzy during the 2nd quarter valued at approximately $40,030,000. Driehaus Capital Management LLC acquired a new stake in shares of Gauzy in the 2nd quarter valued at about $4,289,000. Millennium Management LLC acquired a new stake in Gauzy during the second quarter valued at approximately $2,824,000. Ghisallo Capital Management LLC bought a new position in Gauzy during the second quarter worth $1,491,000. Finally, Empyrean Capital Partners LP bought a new position in Gauzy during the second quarter worth $1,202,000.

Gauzy Trading Down 3.5 %

Shares of NASDAQ GAUZ traded down $0.39 during midday trading on Friday, reaching $10.84. 35,966 shares of the company’s stock were exchanged, compared to its average volume of 54,388. 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 52-week low of $6.78 and a 52-week high of $17.10. The business’s fifty day moving average price is $8.93 and its two-hundred day moving average price is $9.55.

Analysts Set New Price Targets

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

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.