Virtuix Holdings Inc. (NASDAQ:VTIX) Short Interest Update

Virtuix Holdings Inc. (NASDAQ:VTIX) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 1,038,765 shares, a decline of 39.7% from the July 30th total of 1,722,801 shares. Based on an average daily trading volume, of 442,927 shares, the short-interest ratio is currently 2.3 days. Approximately 4.9% of the company’s stock are sold short.

Virtuix Stock Down 0.8%

Shares of VTIX traded down $0.01 on Tuesday, hitting $1.32. 25,869 shares of the stock traded hands, compared to its average volume of 518,414. Virtuix has a one year low of $1.16 and a one year high of $92.74. The company has a market capitalization of $39.53 million and a PE ratio of -1.88. The business has a 50 day simple moving average of $2.22 and a 200 day simple moving average of $4.19. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.61 and a current ratio of 0.71.

Virtuix (NASDAQ:VTIX) last released its quarterly earnings data on Wednesday, August 19th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.03. The business had revenue of $0.77 million during the quarter. As a group, equities analysts forecast that Virtuix will post -0.67 earnings per share for the current fiscal year.

Insider Activity at Virtuix

In other news, COO David Robert Malcolm Allan sold 35,769 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $1.61, for a total value of $57,588.09. Following the sale, the chief operating officer directly owned 9,002 shares of the company’s stock, valued at $14,493.22. This represents a 79.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 503,985 shares of company stock worth $836,094. Insiders own 28.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VTIX. Wall Street Zen lowered shares of Virtuix from a “sell” rating to a “strong sell” rating in a report on Sunday, August 23rd. Maxim Group began coverage on Virtuix in a research report on Thursday, June 18th. They set a “buy” rating and a $11.00 price objective for the company. Finally, Weiss Ratings raised Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.00.

Virtuix Company Profile

Virtuix (NASDAQ:VTIX) is a company that develops and commercializes hardware and software for immersive virtual reality (VR) locomotion and related experiences. Its core focus is on enabling natural movement inside virtual environments through purpose-built platforms and systems that pair motion-control hardware with software integrations for games, training and location-based entertainment.

The company is best known for its Omni family of omnidirectional locomotion platforms, which are designed to allow users to walk, run and maneuver in 360 degrees within a virtual space while remaining stationary in the real world.