Gauzy Ltd. (NASDAQ:GAUZ) Sees Significant Decrease in Short Interest
by Renee Jackson · The Cerbat GemGauzy Ltd. (NASDAQ:GAUZ – Get Free Report) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 121,943 shares, a decline of 35.5% from the April 15th total of 189,172 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 40,555 shares, the days-to-cover ratio is currently 3.0 days.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Gauzy in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.00.
Check Out Our Latest Stock Analysis on GAUZ
Gauzy Stock Down 2.5%
Shares of NASDAQ GAUZ opened at $0.81 on Tuesday. The stock’s fifty day simple moving average is $0.68 and its 200 day simple moving average is $1.33. The stock has a market capitalization of $15.14 million, a price-to-earnings ratio of -0.39 and a beta of -1.04. Gauzy has a 52-week low of $0.37 and a 52-week high of $9.60.
Hedge Funds Weigh In On Gauzy
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in Gauzy in the 2nd quarter worth about $174,000. Prospera Financial Services Inc purchased a new stake in Gauzy during the third quarter valued at about $103,000. Kingsview Wealth Management LLC boosted its holdings in shares of Gauzy by 39.1% in the third quarter. Kingsview Wealth Management LLC now owns 20,265 shares of the company’s stock worth $128,000 after buying an additional 5,700 shares during the period. HRT Financial LP purchased a new position in shares of Gauzy in the fourth quarter worth approximately $39,000. Finally, Jane Street Group LLC purchased a new position in shares of Gauzy in the fourth quarter worth approximately $34,000.
About Gauzy
Gauzy Ltd. is a technology company specializing in smart glass and light-control solutions based on Suspended Particle Device (SPD) technology. The company develops and manufactures switchable glass and film products that can dynamically modulate light transmission, offering privacy, glare reduction and energy-saving benefits for a range of end markets.
Gauzy’s product portfolio includes SPD-Smart™ glass panels, retrofit SPD film and integrated skylight systems. These solutions are designed for architectural applications such as office partitions, conference rooms and façades, as well as for transportation markets including automotive, aviation and rail interiors.