Short Interest in VOXX International Co. (NASDAQ:VOXX) Declines By 22.0%

VOXX International Co. (NASDAQ:VOXX - Get Free Report) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 370,200 shares, a drop of 22.0% from the January 15th total of 474,500 shares. Based on an average daily volume of 233,100 shares, the days-to-cover ratio is presently 1.6 days. Currently, 7.1% of the company's stock are short sold.

VOXX International Stock Performance

Shares of NASDAQ:VOXX traded up $0.01 during midday trading on Monday, reaching $7.47. 150,244 shares of the company's stock traded hands, compared to its average volume of 180,766. VOXX International has a one year low of $2.27 and a one year high of $9.22. The stock has a 50 day moving average of $7.41 and a 200 day moving average of $6.52. The company has a market cap of $168.08 million, a price-to-earnings ratio of -6.73 and a beta of 1.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 2.10.

VOXX International (NASDAQ:VOXX - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The auto parts company reported ($0.38) EPS for the quarter. VOXX International had a negative return on equity of 9.88% and a negative net margin of 6.06%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of VOXX International in a report on Friday. They set a "hold" rating on the stock.

Institutional Trading of VOXX International

A number of large investors have recently made changes to their positions in VOXX. State Street Corp increased its position in VOXX International by 5.4% during the third quarter. State Street Corp now owns 52,408 shares of the auto parts company's stock valued at $333,000 after acquiring an additional 2,700 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of VOXX International by 1.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 203,739 shares of the auto parts company's stock worth $1,504,000 after purchasing an additional 3,267 shares during the last quarter. Empowered Funds LLC increased its stake in VOXX International by 5.1% in the 4th quarter. Empowered Funds LLC now owns 105,239 shares of the auto parts company's stock worth $777,000 after buying an additional 5,067 shares during the period. AlphaQuest LLC bought a new stake in VOXX International during the 4th quarter valued at about $51,000. Finally, Moors & Cabot Inc. grew its stake in VOXX International by 6.1% in the 3rd quarter. Moors & Cabot Inc. now owns 139,256 shares of the auto parts company's stock worth $886,000 after acquiring an additional 8,000 shares in the last quarter. 71.00% of the stock is currently owned by institutional investors.

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.