Shorts On Watch: Vuzix Corporation (NASDAQ:VUZI) Reports Decline in Sellers; Strong Momentum for Longs

November 21, 2016 - By Louis Casey   ·   0 Comments

Shorts On Watch: Vuzix Corporation (NASDAQ:VUZI) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Vuzix Corporation (NASDAQ:VUZI) registered a decrease of 4.68% in short interest. VUZI’s total short interest was 2.46 million shares in November as published by FINRA. Its down 4.68% from 2.58 million shares, reported previously. With 420,500 shares average volume, it will take short sellers 6 days to cover their VUZI’s short positions. The short interest to Vuzix Corporation’s float is 17.89%. The stock closed at $7.15 during the last session. It is down 38.03% since April 19, 2016 and is uptrending. It has outperformed by 34.17% the S&P500.

Insitutional Activity: The institutional sentiment increased to 2.38 in Q2 2016. Its up 1.30, from 1.08 in 2016Q1. The ratio is positive, as 6 funds sold all Vuzix Corporation shares owned while 6 reduced positions. 6 funds bought stakes while 7 increased positions. They now own 1.27 million shares or 5.32% more from 1.20 million shares in 2016Q1.
Macroview Management Ltd Liability accumulated 100 shares or 0% of the stock. Thompson Davis & Inc has invested 0.08% of its portfolio in Vuzix Corporation (NASDAQ:VUZI). The Pennsylvania-based Vanguard Gp has invested 0% in Vuzix Corporation (NASDAQ:VUZI). Blackrock Fund Advsrs accumulated 0% or 31,372 shares. Peak6 Invests Ltd Partnership holds 0% of its portfolio in Vuzix Corporation (NASDAQ:VUZI) for 15,500 shares. State Bank Of America De last reported 0% of its portfolio in the stock. Goldman Sachs Group Inc accumulated 13,125 shares or 0% of the stock. Mount Lucas Lp, a Pennsylvania-based fund reported 8,000 shares. The New York-based Morgan Stanley has invested 0% in Vuzix Corporation (NASDAQ:VUZI). Royal Retail Bank Of Canada accumulated 600 shares or 0% of the stock. Schwab Charles Inv Management accumulated 0% or 35,500 shares. Group One Trading Lp reported 6,211 shares or 0% of all its holdings. Ladenburg Thalmann Financial accumulated 0% or 177 shares. Deutsche Bancorporation Ag accumulated 0% or 1,515 shares. Blackrock Investment Ltd holds 0% or 2,183 shares in its portfolio.

Vuzix Corporation (NASDAQ:VUZI) Ratings Coverage

Out of 4 analysts covering Vuzix (NASDAQ:VUZI), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Vuzix has been the topic of 7 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock of Vuzix Corporation (NASDAQ:VUZI) earned “Hold” rating by Zacks on Friday, August 21. Chardan Capital Markets maintained it with “Buy” rating and $10.0 target price in Monday, December 14 report. On Thursday, December 10 the stock rating was initiated by H.C. Wainwright with “Buy”. On Monday, August 17 the stock rating was maintained by Chardan Capital Markets with “Buy”. Maxim Group initiated Vuzix Corporation (NASDAQ:VUZI) on Friday, October 28 with “Buy” rating. The firm has “Buy” rating by Rodman & Renshaw given on Thursday, December 10. Chardan Capital Markets reinitiated the shares of VUZI in a report on Monday, September 28 with “Buy” rating.

VUZI Company Profile

Vuzix Corporation, incorporated on October 16, 1997, is engaged in the design, manufacture, marketing and sale of wearable display devices and smart glasses devices known commercially as Video Eyewear (also referred to as head mounted displays (HMDs), Smart Glasses, wearable displays, video glasses, personal viewers, near-eye virtual displays, and near-eye displays or NEDs). These devices are worn like eyeglasses and feature built-in video screens and in some cases a computer, that enable the user to view and interact with video and digital content, such as movies, computer data, the Internet or video games. The Company’s Video Eyewear products provide virtual large high-resolution screens, fit in a user’s pocket or purse and can be viewed practically anywhere, anytime. The Company’s Video Eyewear are designed to work with mobile electronic devices, such as cell phones, laptop computers, tablets, portable media players and gaming systems.

More recent Vuzix Corporation (NASDAQ:VUZI) news were published by: Streetinsider.com which released: “Vuzix Corp. (VUZI) Says Intel (INTC) No Longer Plans to Pursue Strategic …” on November 16, 2016. Also Streetinsider.com published the news titled: “Vuzix Corp. (VUZI) Shares Tick Lower Amid Reschedule Q3 Conf. Call” on November 11, 2016. Streetinsider.com‘s news article titled: “Vuzix Corp. (VUZI) Adds Four Partners to VIP Program” with publication date: October 13, 2016 was also an interesting one.

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By Louis Casey


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