Gauzy (NASDAQ:GAUZ) Short Interest Up 16.4% in September

Gauzy (NASDAQ:GAUZ) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 110,500 shares, an increase of 16.4% from the September 15th total of 94,900 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 57,100 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On Gauzy

Institutional investors have recently added to or reduced their stakes in the company. Ibex Investors LLC bought a new stake in shares of Gauzy in the 2nd quarter worth about $40,030,000. Driehaus Capital Management LLC purchased a new position in Gauzy in the second quarter worth about $4,289,000. Millennium Management LLC bought a new stake in Gauzy during the second quarter worth approximately $2,824,000. Ghisallo Capital Management LLC purchased a new stake in Gauzy during the second quarter valued at approximately $1,491,000. Finally, Empyrean Capital Partners LP bought a new stake in shares of Gauzy in the 2nd quarter valued at approximately $1,202,000.

Gauzy Price Performance

Shares of NASDAQ:GAUZ traded up $0.23 during midday trading on Wednesday, reaching $10.05. 24,248 shares of the company were exchanged, compared to its average volume of 68,661. The company’s fifty day moving average is $9.76. Gauzy has a one year low of $8.17 and a one year high of $17.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.19.

Gauzy (NASDAQ:GAUZ) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.48). The business had revenue of $24.41 million for the quarter, compared to analyst estimates of $23.83 million. As a group, sell-side analysts expect that Gauzy will post -1.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.