Short Interest in Gauzy (NASDAQ:GAUZ) Decreases By 16.4%

Gauzy (NASDAQ:GAUZ) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 65,100 shares, a drop of 16.4% from the August 15th total of 77,900 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 85,400 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Gauzy

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

Gauzy Trading Down 2.1 %

Shares of NASDAQ GAUZ traded down $0.19 during trading hours on Wednesday, hitting $9.00. The company had a trading volume of 10,182 shares, compared to its average volume of 81,746. Gauzy has a 1-year low of $8.17 and a 1-year high of $17.10. 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 firm’s 50 day moving average price is $10.31.

Gauzy (NASDAQ:GAUZ) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates 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. On average, equities research 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.