Short Interest in Gauzy (NASDAQ:GAUZ) Grows By 7.6%

Gauzy (NASDAQ:GAUZ) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 135,300 shares, an increase of 7.6% from the October 15th total of 125,800 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 34,900 shares, the days-to-cover ratio is currently 3.9 days.

Gauzy Trading Down 1.4 %

Shares of GAUZ stock opened at $7.07 on Tuesday. The company has a fifty day moving average price of $9.01. Gauzy has a one year low of $6.78 and a one year high of $17.10. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.40.

Hedge Funds Weigh In On Gauzy

Large investors have recently modified their holdings of the stock. Ibex Investors LLC acquired a new stake in Gauzy during the second quarter worth about $40,030,000. Driehaus Capital Management LLC bought a new position in Gauzy during the 2nd quarter worth approximately $4,289,000. Millennium Management LLC bought a new stake in shares of Gauzy in the 2nd quarter valued at $2,824,000. Ghisallo Capital Management LLC bought a new stake in Gauzy during the 2nd quarter valued at $1,491,000. Finally, Empyrean Capital Partners LP bought a new stake in Gauzy during the 2nd quarter valued at $1,202,000.

Wall Street Analysts Forecast Growth

GAUZ has been the subject of several analyst reports. TD Cowen lowered their price target on shares of Gauzy from $24.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Barclays decreased their price objective on shares of Gauzy from $24.00 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, November 13th. Finally, B. Riley cut their price target on shares of Gauzy from $15.50 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th.

About Gauzy

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.