Innovative Eyewear, Inc. (NASDAQ:LUCY) Sees Significant Decrease in Short Interest

Innovative Eyewear, Inc. (NASDAQ:LUCY) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 39,700 shares, a decrease of 15.4% from the February 13th total of 46,900 shares. Based on an average daily trading volume, of 32,200 shares, the short-interest ratio is currently 1.2 days. Currently, 3.4% of the shares of the company are sold short.

Innovative Eyewear Price Performance

Innovative Eyewear stock traded down $0.11 during trading hours on Wednesday, hitting $3.44. The company had a trading volume of 17,103 shares, compared to its average volume of 25,254. The firm has a 50-day moving average of $4.87 and a 200 day moving average of $6.12. The firm has a market cap of $8.40 million, a PE ratio of -0.36 and a beta of 2.75. Innovative Eyewear has a one year low of $3.26 and a one year high of $27.20.

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 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.