Will Vuzix Corporation (NASDAQ:VUZI) Run Out of Steam Soon? Short Interest Is Down

June 14, 2018 - By Robert Sims

Vuzix Corporation (NASDAQ:VUZI) Logo

Investors sentiment increased to 3.56 in Q1 2018. Its up 0.56, from 3 in 2017Q4. It improved, as 6 investors sold Vuzix Corporation shares while 3 reduced holdings. 15 funds opened positions while 17 raised stakes. 6.35 million shares or 208.08% more from 2.06 million shares in 2017Q4 were reported.
Millennium Ltd Liability Corporation reported 181,167 shares. Virtu Fin Limited Liability Com accumulated 54,343 shares. Geode Capital Limited holds 152,952 shares or 0% of its portfolio. Lpl Fin has invested 0% in Vuzix Corporation (NASDAQ:VUZI). Morgan Stanley holds 54,374 shares or 0% of its portfolio. Northern, a Illinois-based fund reported 45,411 shares. Royal Bancorp Of Canada owns 600 shares for 0% of their portfolio. Susquehanna Group Inc Llp owns 392,607 shares for 0% of their portfolio. Deutsche Bancorporation Ag holds 0% or 65,475 shares in its portfolio. 4,343 were reported by Tower Rech Cap Limited Com (Trc). Vanguard Grp Inc Inc has 0% invested in Vuzix Corporation (NASDAQ:VUZI) for 933,293 shares. Wells Fargo And Communication Mn, California-based fund reported 212 shares. Janney Montgomery Scott Llc owns 12,000 shares. Goldman Sachs Group Inc, a New York-based fund reported 130,027 shares. Bluecrest Cap Mngmt Ltd owns 0.02% invested in Vuzix Corporation (NASDAQ:VUZI) for 132,166 shares.

Since December 19, 2017, it had 4 insider buys, and 0 insider sales for $102,710 activity. Shares for $19,940 were bought by Travers Paul J. The insider Russell Grant bought $30,495.

The stock of Vuzix Corporation (NASDAQ:VUZI) registered a decrease of 0.3% in short interest. VUZI’s total short interest was 5.07M shares in June as published by FINRA. Its down 0.3% from 5.09 million shares, reported previously. With 361,600 shares average volume, it will take short sellers 14 days to cover their VUZI’s short positions. The short interest to Vuzix Corporation’s float is 27.13%.

The stock increased 3.27% or $0.22 during the last trading session, reaching $7.1. About 259,918 shares traded. Vuzix Corporation (NASDAQ:VUZI) has risen 1.72% since June 14, 2017 and is uptrending. It has underperformed by 10.85% the S&P500.

Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The company has market cap of $194.75 million. The companyÂ’s products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. It currently has negative earnings. The Company’s products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.

Vuzix Corporation (NASDAQ:VUZI) Ratings Coverage

Among 3 analysts covering Vuzix Corporation (NASDAQ:VUZI), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Vuzix Corporation had 5 analyst reports since December 26, 2017 according to SRatingsIntel. Chardan Capital Markets maintained it with “Buy” rating and $10.0 target in Tuesday, December 26 report. The stock of Vuzix Corporation (NASDAQ:VUZI) earned “Buy” rating by Chardan Capital Markets on Monday, January 8. On Tuesday, January 30 the stock rating was maintained by Maxim Group with “Buy”. The stock has “Buy” rating by Craig Hallum on Monday, January 8. As per Tuesday, March 20, the company rating was maintained by Maxim Group.

More important recent Vuzix Corporation (NASDAQ:VUZI) news were published by: Prnewswire.com which released: “Vuzix Launches the Vuzix Blade® Smart Glasses Developer Center” on June 12, 2018, also Nasdaq.com published article titled: “9 Augmented Reality Stocks to Enhance Your Portfolio”, Prnewswire.com published: “Vuzix Appoints Vice President of Operations and Vice President of Engineering” on June 13, 2018. More interesting news about Vuzix Corporation (NASDAQ:VUZI) was released by: Prnewswire.com and their article: “Vuzix to Webcast Annual Shareholder Meeting on June 13” with publication date: June 13, 2018.

Vuzix Corporation (NASDAQ:VUZI) Institutional Positions Chart

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