VOXX International Co. (NASDAQ:VOXX) Sees Significant Decline in Short Interest

VOXX International Co. (NASDAQ:VOXX - Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 474,500 shares, a decline of 20.9% from the December 31st total of 599,500 shares. Approximately 9.1% of the shares of the company are sold short. Based on an average daily volume of 217,600 shares, the short-interest ratio is presently 2.2 days.

Institutional Trading of VOXX International

A number of institutional investors have recently bought and sold shares of the company. Well Done LLC boosted its position in VOXX International by 95.2% during the third quarter. Well Done LLC now owns 6,463,808 shares of the auto parts company's stock worth $41,110,000 after purchasing an additional 3,152,500 shares in the last quarter. Tenzing Global Management LLC purchased a new stake in VOXX International during the third quarter worth $6,201,000. Peapod Lane Capital LLC purchased a new stake in VOXX International during the fourth quarter worth $3,632,000. Renaissance Technologies LLC boosted its position in VOXX International by 6.3% during the second quarter. Renaissance Technologies LLC now owns 421,826 shares of the auto parts company's stock worth $1,333,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of VOXX International by 6.1% in the third quarter. Moors & Cabot Inc. now owns 139,256 shares of the auto parts company's stock valued at $886,000 after buying an additional 8,000 shares during the last quarter. 71.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on VOXX International in a report on Wednesday, January 29th. They set a "hold" rating on the stock.

VOXX International Price Performance

VOXX traded up $0.04 during trading on Wednesday, reaching $7.40. 197,795 shares of the stock were exchanged, compared to its average volume of 252,069. The business's 50 day moving average price is $7.44 and its two-hundred day moving average price is $6.21. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.10 and a quick ratio of 1.05. The company has a market capitalization of $166.39 million, a price-to-earnings ratio of -6.66 and a beta of 1.23. VOXX International has a 1 year low of $2.27 and a 1 year high of $9.24.

About VOXX International

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. It offers automotive security, vehicle access, and remote start modules and systems; smart phone telematics applications; mobile multi-media infotainment products and rear-seat entertainment products, including overhead, seat-back, and headrest systems; rear observation and collision avoidance systems; 360 camera applications; satellite radios comprising plug and play, and direct connect models; cruise control systems; audio products; heated seats; interior lighting solutions; security and shock sensors; turn signal switches; puddle lamps; box lights; harnesses; electric vehicle sound systems; and logo lighting modules.