Innovative Eyewear, Inc. (NASDAQ:LUCYW) Sees Large Growth in Short Interest

Innovative Eyewear, Inc. (NASDAQ:LUCYW) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 4,000 shares, an increase of 300.0% from the August 15th total of 1,000 shares. Based on an average daily trading volume, of 19,500 shares, the days-to-cover ratio is currently 0.2 days.

Innovative Eyewear Price Performance

Shares of LUCYW remained flat at $0.06 during trading hours on Thursday. The company had a trading volume of 600 shares, compared to its average volume of 31,545. The company’s fifty day moving average price is $0.06 and its two-hundred day moving average price is $0.07. Innovative Eyewear has a fifty-two week low of $0.03 and a fifty-two week high of $0.49.

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 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.