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

VOXX International Co. (NASDAQ:VOXX) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 660,800 shares, a drop of 26.0% from the November 30th total of 892,400 shares. Based on an average trading volume of 185,100 shares, the days-to-cover ratio is presently 3.6 days. Approximately 12.7% of the company’s shares are sold short.

Institutional Investors Weigh In On VOXX International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new position in shares of VOXX International during the second quarter valued at about $44,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in VOXX International during the 2nd quarter worth approximately $63,000. Marshall Wace LLP acquired a new position in VOXX International during the 2nd quarter valued at approximately $67,000. Squarepoint Ops LLC purchased a new position in shares of VOXX International in the second quarter worth $130,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of VOXX International during the third quarter worth $142,000. 71.00% of the stock is currently owned by hedge funds and other institutional investors.

VOXX International Price Performance

Shares of NASDAQ VOXX remained flat at $7.29 during mid-day trading on Friday. The company had a trading volume of 284,332 shares, compared to its average volume of 811,165. The business has a 50-day simple moving average of $7.45 and a 200-day simple moving average of $5.39. VOXX International has a 1 year low of $2.27 and a 1 year high of $11.31. The company has a current ratio of 2.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $164.06 million, a PE ratio of -6.57 and a beta of 1.21.

VOXX International (NASDAQ:VOXX) last announced its earnings results on Thursday, October 10th. The auto parts company reported $0.10 earnings per share for the quarter. VOXX International had a negative net margin of 6.06% and a negative return on equity of 9.88%. The company had revenue of $92.49 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on VOXX International in a research note on Saturday. They set a “hold” rating on the stock.

About VOXX International

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. It offers automotive security, vehicle access, and remote start modules and systems; smart phone telematics applications; mobile multi-media infotainment products and rear-seat entertainment products, including overhead, seat-back, and headrest systems; rear observation and collision avoidance systems; 360 camera applications; satellite radios comprising plug and play, and direct connect models; cruise control systems; audio products; heated seats; interior lighting solutions; security and shock sensors; turn signal switches; puddle lamps; box lights; harnesses; electric vehicle sound systems; and logo lighting modules.