Short Interest in Gauzy (NASDAQ:GAUZ) Expands By 13.8%

Gauzy (NASDAQ:GAUZ) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 125,800 shares, an increase of 13.8% from the September 30th total of 110,500 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 32,800 shares, the days-to-cover ratio is presently 3.8 days.

Gauzy Stock Performance

Shares of GAUZ traded down $0.05 during midday trading on Thursday, reaching $9.88. The stock had a trading volume of 10,184 shares, compared to its average volume of 63,948. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.19 and a quick ratio of 1.03. The company’s 50 day simple moving average is $9.63. Gauzy has a one year low of $8.17 and a one year 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 for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.48). The business had revenue of $24.41 million during the quarter, compared to analysts’ expectations of $23.83 million. As a group, equities analysts forecast that Gauzy will post -1.95 earnings per share for the current year.

Institutional Investors Weigh In On Gauzy

A number of large investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in Gauzy during the second quarter worth $170,000. Skylands Capital LLC acquired a new stake in shares of Gauzy during the 2nd quarter worth about $825,000. Empyrean Capital Partners LP bought a new stake in shares of Gauzy during the 2nd quarter worth about $1,202,000. Ghisallo Capital Management LLC acquired a new position in Gauzy in the 2nd quarter valued at about $1,491,000. Finally, Millennium Management LLC acquired a new position in Gauzy in the 2nd quarter valued at about $2,824,000.

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.