VOXX International Co. (NASDAQ:VOXX) Short Interest Update

VOXX International Co. (NASDAQ:VOXX) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,300,000 shares, a growth of 1,612.8% from the August 15th total of 75,900 shares. Approximately 13.9% of the shares of the company are sold short. Based on an average daily volume of 2,790,000 shares, the short-interest ratio is currently 0.5 days.

Insiders Place Their Bets

In other VOXX International news, Director Beat Kahli sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $5.00, for a total value of $100,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder Corp Gentex bought 3,152,500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average cost of $5.00 per share, with a total value of $15,762,500.00. Following the completion of the transaction, the insider now owns 6,463,808 shares of the company’s stock, valued at approximately $32,319,040. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Beat Kahli sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $5.00, for a total value of $100,000.00. The disclosure for this sale can be found here. Insiders own 49.81% of the company’s stock.

Institutional Trading of VOXX International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in VOXX International by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 421,826 shares of the auto parts company’s stock valued at $1,333,000 after purchasing an additional 25,000 shares during the period. Acuitas Investments LLC bought a new stake in VOXX International during the 2nd quarter valued at approximately $855,000. Empowered Funds LLC raised its stake in VOXX International by 8.0% during the 1st quarter. Empowered Funds LLC now owns 66,150 shares of the auto parts company’s stock valued at $540,000 after purchasing an additional 4,900 shares during the period. Squarepoint Ops LLC bought a new stake in VOXX International during the 2nd quarter valued at approximately $130,000. Finally, Marshall Wace LLP bought a new stake in VOXX International during the 2nd quarter valued at approximately $67,000. Institutional investors own 71.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded VOXX International from a “hold” rating to a “sell” rating in a research note on Thursday.

VOXX International Stock Performance

Shares of NASDAQ VOXX traded up $0.09 during trading on Friday, hitting $5.91. The company had a trading volume of 290,692 shares, compared to its average volume of 8,656,991. The stock has a 50 day simple moving average of $3.47 and a 200 day simple moving average of $5.04. The company has a quick ratio of 1.11, a current ratio of 2.43 and a debt-to-equity ratio of 0.28. VOXX International has a 12 month low of $2.27 and a 12 month high of $11.74.

VOXX International (NASDAQ:VOXX) last posted its quarterly earnings data on Wednesday, July 10th. The auto parts company reported ($0.40) EPS for the quarter. The company had revenue of $91.66 million during the quarter. VOXX International had a negative return on equity of 14.59% and a negative net margin of 8.78%.

VOXX International Company Profile

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. Its Automotive Electronics segment offers mobile multi-media infotainment products, including overhead, seat-back, and headrest systems; automotive security, vehicle access, and remote start systems; satellite radios comprising plug and play, and direct connect models; smart phone telematics applications; mobile interface modules; automotive power accessories; rear observation and collision avoidance systems; driver distraction products; power lift gates; turn signal switches; automotive lighting products; automotive sensing and camera systems; USB ports; cruise control systems; and heated seats.