What’s Propelling Vuzix Corporation (NASDAQ:VUZI) After Lower Shorts Reported?

June 14, 2018 - By Maria Brooks

Vuzix Corporation (NASDAQ:VUZI) Logo

Investors sentiment increased to 3.56 in 2018 Q1. Its up 0.56, from 3 in 2017Q4. It increased, 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.
Virtu Fincl Limited reported 54,343 shares stake. Janney Montgomery Scott Limited Liability Company invested in 12,000 shares. Royal Bancorp Of Canada has 0% invested in Vuzix Corporation (NASDAQ:VUZI) for 600 shares. Granite Invest Partners Ltd Llc reported 0.02% of its portfolio in Vuzix Corporation (NASDAQ:VUZI). Bluecrest Mgmt invested 0.02% in Vuzix Corporation (NASDAQ:VUZI). Assetmark holds 250 shares or 0% of its portfolio. Bancshares Of Ny Mellon has 0% invested in Vuzix Corporation (NASDAQ:VUZI). 1,500 were reported by Winslow Evans And Crocker. Ing Groep Nv holds 10,000 shares or 0% of its portfolio. Natl Bank Of America Corporation De holds 0% in Vuzix Corporation (NASDAQ:VUZI) or 14,365 shares. Valley Natl Advisers has 0% invested in Vuzix Corporation (NASDAQ:VUZI). Natl Asset Management reported 13,500 shares. Geode Cap Management Lc has 0% invested in Vuzix Corporation (NASDAQ:VUZI) for 152,952 shares. Lpl Fincl Ltd Liability Company accumulated 0% or 25,983 shares. Quantbot Tech L P has invested 0% in Vuzix Corporation (NASDAQ:VUZI).

Since December 19, 2017, it had 4 insider purchases, and 0 sales for $102,710 activity. $19,940 worth of stock was bought by Travers Paul J on Monday, March 26. Another trade for 5,000 shares valued at $30,495 was made by Russell Grant on Thursday, March 22.

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 5.09M 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. The stock of Vuzix Corporation (NASDAQ:VUZI) earned “Buy” rating by Maxim Group on Tuesday, March 20. The rating was maintained by Chardan Capital Markets on Tuesday, December 26 with “Buy”. The firm has “Buy” rating given on Tuesday, January 30 by Maxim Group. As per Monday, January 8, the company rating was maintained by Chardan Capital Markets. Craig Hallum initiated the stock with “Buy” rating in Monday, January 8 report.

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

Vuzix Corporation (NASDAQ:VUZI) Institutional Positions Chart

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