Short Interest in Gauzy (NASDAQ:GAUZ) Rises By 45.8%

Gauzy (NASDAQ:GAUZ - Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 94,900 shares, an increase of 45.8% from the August 31st total of 65,100 shares. Based on an average daily volume of 72,300 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.9% of the company's stock are short sold.

Gauzy Price Performance

Gauzy stock traded up $0.27 during trading on Friday, reaching $9.19. The company had a trading volume of 15,450 shares, compared to its average volume of 75,940. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.19. The business's 50-day moving average is $10.09. Gauzy has a 52 week low of $8.17 and a 52 week high of $17.10.

Gauzy (NASDAQ:GAUZ - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.48). The firm had revenue of $24.41 million during the quarter, compared to analysts' expectations of $23.83 million. Sell-side analysts anticipate that Gauzy will post -1.96 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays initiated coverage on shares of Gauzy in a report on Monday, July 1st. They issued an "overweight" rating and a $24.00 price objective for the company. 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 target price on the stock. TD Cowen initiated coverage on shares of Gauzy in a research note on Monday, July 1st. They issued a "buy" rating and a $24.00 price target for the company. Finally, Stifel Nicolaus started coverage on shares of Gauzy in a research report on Monday, July 1st. They set a "buy" rating and a $18.00 price objective on the stock.

Hedge Funds Weigh In On Gauzy

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

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.

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