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

Gauzy (NASDAQ:GAUZ - Get Free Report) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 135,300 shares, a growth of 7.6% from the October 15th total of 125,800 shares. Currently, 1.3% of the company's stock are short sold. Based on an average daily volume of 34,900 shares, the short-interest ratio is presently 3.9 days.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GAUZ. Barclays dropped their price objective on Gauzy from $24.00 to $15.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 13th. B. Riley cut their price target on shares of Gauzy from $15.50 to $14.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Finally, TD Cowen lowered their price objective on shares of Gauzy from $24.00 to $18.00 and set a "buy" rating on the stock in a research note on Friday, November 1st.

Gauzy Stock Performance

Gauzy stock traded up $0.40 during mid-day trading on Tuesday, reaching $7.48. The company had a trading volume of 58,826 shares, compared to its average volume of 64,733. The company has a fifty day moving average of $9.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 0.85. Gauzy has a fifty-two week low of $6.78 and a fifty-two week high of $17.10.

Hedge Funds Weigh In On Gauzy

A number of hedge funds and other institutional investors have recently made changes to their positions in GAUZ. Ibex Investors LLC acquired a new position in Gauzy in the second quarter valued at $40,030,000. Millennium Management LLC bought a new position in shares of Gauzy in the 2nd quarter worth about $2,824,000. Driehaus Capital Management LLC bought a new stake in shares of Gauzy during the 2nd quarter valued at about $4,289,000. Ghisallo Capital Management LLC acquired a new stake in Gauzy during the second quarter worth approximately $1,491,000. Finally, Empyrean Capital Partners LP bought a new stake in Gauzy in the second quarter worth approximately $1,202,000.

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.