Short Interest in Gauzy (NASDAQ:GAUZ) Increases By 7.6%

Gauzy (NASDAQ:GAUZ) was the recipient of a large growth in short interest in 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 sold short. Based on an average daily volume of 34,900 shares, the days-to-cover ratio is currently 3.9 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Barclays reduced their price target on Gauzy from $24.00 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 13th. TD Cowen reduced their target price on shares of Gauzy from $24.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, B. Riley lowered their price target on shares of Gauzy from $15.50 to $14.00 and set a “buy” rating for the company in a report on Wednesday, November 13th.

Institutional Investors Weigh In On Gauzy

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

Gauzy Stock Down 1.4 %

Shares of NASDAQ GAUZ opened at $7.07 on Tuesday. The business’s 50-day simple moving average is $9.01. Gauzy has a 1 year low of $6.78 and a 1 year high of $17.10. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.40.

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.