Short Interest in Gauzy (NASDAQ:GAUZ) Increases By 7.7%

Gauzy (NASDAQ:GAUZ) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 198,200 shares, an increase of 7.7% from the November 15th total of 184,100 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 44,700 shares, the days-to-cover ratio is currently 4.4 days.

Wall Street Analyst Weigh In

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

Gauzy Price Performance

Shares of NASDAQ GAUZ traded up $0.43 during trading hours on Tuesday, hitting $7.80. 111,522 shares of the stock were exchanged, compared to its average volume of 66,361. Gauzy has a one year low of $6.78 and a one year high of $17.10. The business’s 50 day moving average is $8.56. The company has a current ratio of 1.16, a quick ratio of 0.85 and a debt-to-equity ratio of 0.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp raised its stake in Gauzy by 320.9% in the 3rd quarter. Stifel Financial Corp now owns 111,748 shares of the company’s stock valued at $989,000 after acquiring an additional 85,198 shares during the period. Ghisallo Capital Management LLC bought a new stake in shares of Gauzy in the 2nd quarter valued at $1,491,000. Driehaus Capital Management LLC acquired a new stake in shares of Gauzy during the 2nd quarter worth approximately $4,289,000. Millennium Management LLC bought a new stake in shares of Gauzy during the second quarter valued at approximately $2,824,000. Finally, Empyrean Capital Partners LP acquired a new position in Gauzy during the 2nd quarter valued at about $1,202,000.

Gauzy Company Profile

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.