Short Interest in Gauzy (NASDAQ:GAUZ) Declines By 35.9%

Gauzy (NASDAQ:GAUZ) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 123,000 shares, a decrease of 35.9% from the December 15th total of 191,900 shares. Based on an average daily volume of 62,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.2% of the shares of the stock are sold short.

Gauzy Price Performance

GAUZ stock traded down $0.39 during trading on Friday, hitting $10.84. 35,966 shares of the company traded hands, compared to its average volume of 54,388. The company has a 50-day moving average of $8.93 and a 200-day moving average of $9.55. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.40. Gauzy has a 1 year low of $6.78 and a 1 year high of $17.10.

Institutional Trading of Gauzy

Several hedge funds and other institutional investors have recently bought and sold shares of GAUZ. Point72 DIFC Ltd bought a new position in shares of Gauzy in the second quarter worth approximately $170,000. Stifel Financial Corp boosted its position in Gauzy by 320.9% during the 3rd quarter. Stifel Financial Corp now owns 111,748 shares of the company’s stock valued at $989,000 after buying an additional 85,198 shares during the period. Empyrean Capital Partners LP bought a new stake in Gauzy in the 2nd quarter worth $1,202,000. Ghisallo Capital Management LLC purchased a new position in shares of Gauzy in the second quarter valued at about $1,491,000. Finally, Millennium Management LLC bought a new position in shares of Gauzy during the second quarter valued at about $2,824,000.

Analyst Ratings Changes

A number of analysts recently weighed in on GAUZ shares. Barclays dropped their target price on Gauzy from $24.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, November 13th. B. Riley lowered their price objective 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. Finally, 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.

About Gauzy

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.