1,093K shares changed hands on Tuesday. Trading volume was up 362.48% over the stocks average daily volume.
Investors are more bullish on shares of the company of late looking at the change in short interest. The stock recorded a fall in short interest of -1.38% as of October 13, 2017 from the last reporting period. Short shares decreased 40,900 over that timeframe. Days to cover increased from 11.0 to 19.0 and the percentage of shorted shares was 0.13% on October 13.
Vuzix Corp Cmn Stk (NASDAQ:VUZI) has been the object of insider buying activity recently. President and CEO Paul J. Travers disclosed the purchase of 2,300 shares of VUZI stock. The shares were bought on September 28th for an average price of $5.45. Travers now owns $13,929,448 of the stock per the Form 4 SEC filing.
A few notable investment firms have updated their holdings. As of the end of the quarter Simplex Trading, LLC had acquired 1,550 shares growing its position 97.7%. The value of the investment in VUZI increased from $10,000 to $17,000 a change of $7,000 quarter to quarter. Carl Domino Inc reduced its stake by selling 6,000 shares a decrease of 15.4% in the quarter. Carl Domino Inc now controls 33,000 shares with a value of $180,000. The total value of its holdings decreased 29.4%.
As of quarter end Advisor Group, Inc. had bought a total of 775 shares growing its stake by 77.5%. The value of the company’s investment in Vuzix Corp Cmn Stk went from $7,000 to $10,000 increasing 42.9% since the last quarter. As of quarter end Citadel Advisors LLC had sold 28,868 shares trimming its holdings by 57.7%. The value of the total investment in Vuzix Corp Cmn Stk went from $328,000 to $115,000 a change of 64.9% quarter over quarter.
September 6 investment analysts at Maxim Group maintained a company rating of “Buy” projecting a price of $11.00. Maxim Group issued a report on VUZI stating a rating of “Buy” and price target of $11.00.
On August 2, 2017 Maxim Group released guidance on VUZI and giving a rating of “Buy” and a price target of $11.00.
The company is so far trading down since yesterday’s close of 6.25. Vuzix Corp Cmn Stk’s P/E ratio is N/A and market capitalization is 138.77M. In the last earnings report the EPS was $-1.10 with 22.20M shares currently outstanding.
Vuzix Corporation, launched on October 16, 1997, is involved 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. Its Video Eyewear products provide virtual large high-resolution screens, fit in a user’s pocket or purse and can be viewed practically anywhere, anytime. Its Video Eyewear are designed to work with mobile electronic devices, such as cell phones, laptop computers, tablets, portable media players and gaming systems..