Gauzy Ltd. (NASDAQ:GAUZ) Short Interest Down 66.7% in July

Gauzy Ltd. (NASDAQ:GAUZ) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 19,417 shares, a drop of 66.7% from the June 30th total of 58,253 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 113,658 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new stake in shares of Gauzy during the second quarter valued at approximately $174,000. HRT Financial LP bought a new position in Gauzy in the 4th quarter valued at approximately $39,000. Jane Street Group LLC purchased a new stake in Gauzy during the 4th quarter valued at $34,000. Finally, Virtu Financial LLC purchased a new stake in Gauzy during the 4th quarter valued at $80,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Gauzy in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gauzy presently has a consensus rating of “Hold” and an average price target of $10.00.

Gauzy Stock Up 4.9%

Shares of GAUZ traded up $0.02 during mid-day trading on Monday, hitting $0.33. 65,511 shares of the company’s stock traded hands, compared to its average volume of 231,736. The firm has a market capitalization of $6.09 million, a P/E ratio of -0.16 and a beta of -0.64. The business’s 50-day moving average price is $0.53 and its 200-day moving average price is $0.68. Gauzy has a 1 year low of $0.30 and a 1 year high of $7.47.

About Gauzy

Gauzy Ltd. is a technology company specializing in smart glass and light-control solutions based on Suspended Particle Device (SPD) technology. The company develops and manufactures switchable glass and film products that can dynamically modulate light transmission, offering privacy, glare reduction and energy-saving benefits for a range of end markets.

Gauzy’s product portfolio includes SPD-Smart™ glass panels, retrofit SPD film and integrated skylight systems. These solutions are designed for architectural applications such as office partitions, conference rooms and façades, as well as for transportation markets including automotive, aviation and rail interiors.