Short Interest in Innovative Eyewear, Inc. (NASDAQ:LUCY) Increases By 250.7%

Innovative Eyewear, Inc. (NASDAQ:LUCY) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 96,800 shares, a growth of 250.7% from the July 15th total of 27,600 shares. Currently, 9.5% of the shares of the company are sold short. Based on an average trading volume of 1,890,000 shares, the days-to-cover ratio is currently 0.1 days.

Innovative Eyewear Stock Performance

NASDAQ LUCY traded up $0.48 during midday trading on Tuesday, hitting $4.08. The company had a trading volume of 175,456 shares, compared to its average volume of 796,358. The firm has a fifty day simple moving average of $7.42 and a two-hundred day simple moving average of $7.16. Innovative Eyewear has a fifty-two week low of $3.36 and a fifty-two week high of $27.20.

Innovative Eyewear (NASDAQ:LUCY) last posted its quarterly earnings results on Monday, August 12th. The company reported ($1.87) earnings per share (EPS) for the quarter. The company had revenue of $0.31 million during the quarter. Innovative Eyewear had a negative return on equity of 110.60% and a negative net margin of 517.55%.

About Innovative Eyewear

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 to perform various smartphone tasks hands-free. It also offers Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with voice.