Innovative Eyewear, Inc. (NASDAQ:LUCYW) Short Interest Down 45.8% in March

Innovative Eyewear, Inc. (NASDAQ:LUCYW) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 7,100 shares, a decrease of 45.8% from the February 28th total of 13,100 shares. Based on an average trading volume of 9,000 shares, the days-to-cover ratio is presently 0.8 days.

Innovative Eyewear Price Performance

LUCYW traded down $0.00 during midday trading on Friday, hitting $0.07. 401 shares of the company were exchanged, compared to its average volume of 22,745. The company’s 50 day simple moving average is $0.06 and its 200 day simple moving average is $0.05. Innovative Eyewear has a 1-year low of $0.02 and a 1-year high of $0.49.

Innovative Eyewear Company Profile

Innovative Eyewear, Inc develops and sells smart eyeglasses and sunglasses. The company's flagship product is Lucyd Lyte glasses that enable the wearer to listen to music, take and make calls, and use voice assistants and ChatGPT to perform various smartphone tasks hands-free. It also offers smart eyewear under the Lyte XL brand; and Nautica Powered by Lucyd smart eyewear collection and various branded accessories, including a power brick, cleaning cloth, and a slipcase adorned.