Short Interest in Innovative Eyewear, Inc. (NASDAQ:LUCY) Expands By 28.4%

Innovative Eyewear, Inc. (NASDAQ:LUCY) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 27,600 shares, a growth of 28.4% from the June 30th total of 21,500 shares. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is currently 0.0 days. Approximately 3.3% of the shares of the stock are short sold.

Innovative Eyewear Trading Down 12.6 %

Shares of LUCY stock opened at $4.58 on Tuesday. Innovative Eyewear has a 1 year low of $3.36 and a 1 year high of $27.20. The firm’s 50 day moving average is $9.18 and its 200-day moving average is $7.47.

Innovative Eyewear (NASDAQ:LUCY) last announced its earnings results on Tuesday, May 14th. The company reported ($3.00) earnings per share (EPS) for the quarter. Innovative Eyewear had a negative return on equity of 110.60% and a negative net margin of 517.55%. The company had revenue of $0.38 million for the quarter.

Innovative Eyewear Company Profile

Innovative Eyewear, Inc develops and sells smart eyeglasses and sunglasses. The company's flagship product is Lucyd Lyte glasses that enable the wearer to listen to music, take and make calls, and use voice assistants to perform various smartphone tasks hands-free. It also offers Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with voice.