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

Gauzy (NASDAQ:GAUZ - Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 65,100 shares, a decline of 16.4% from the August 15th total of 77,900 shares. Based on an average trading volume of 85,400 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Trading of Gauzy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC acquired a new stake in Gauzy during the 2nd quarter worth about $2,824,000. Ghisallo Capital Management LLC acquired a new stake in Gauzy during the 2nd quarter worth about $1,491,000. Driehaus Capital Management LLC acquired a new stake in Gauzy during the 2nd quarter worth about $4,289,000. Point72 DIFC Ltd acquired a new stake in Gauzy during the 2nd quarter worth about $170,000. Finally, Empyrean Capital Partners LP purchased a new position in Gauzy during the 2nd quarter valued at about $1,202,000.

Analyst Ratings Changes

Several brokerages have recently issued reports on GAUZ. Barclays began coverage on shares of Gauzy in a report on Monday, July 1st. They set an "overweight" rating and a $24.00 price target for the company. TD Cowen started coverage on shares of Gauzy in a research note on Monday, July 1st. They set a "buy" rating and a $24.00 price objective on the stock. Stifel Nicolaus started coverage on shares of Gauzy in a research note on Monday, July 1st. They set a "buy" rating and a $18.00 price objective on the stock. Finally, B. Riley started coverage on shares of Gauzy in a research note on Tuesday, July 2nd. They set a "buy" rating and a $21.00 price objective on the stock.

Gauzy Price Performance

Gauzy stock traded down $0.29 during midday trading on Monday, hitting $9.33. The company's stock had a trading volume of 45,175 shares, compared to its average volume of 83,647. The company has a current ratio of 1.19, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. The business's 50-day simple moving average is $10.31. Gauzy has a 12 month low of $8.17 and a 12 month high of $17.10.

Gauzy (NASDAQ:GAUZ - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.48). The business had revenue of $24.41 million for the quarter, compared to analysts' expectations of $23.83 million. As a group, sell-side analysts anticipate that Gauzy will post -1.96 EPS for the current fiscal year.

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.