Innovative Eyewear, Inc. (NASDAQ:LUCY) Short Interest Update

Innovative Eyewear, Inc. (NASDAQ:LUCY) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 39,700 shares, a decline of 15.4% from the February 13th total of 46,900 shares. Based on an average daily volume of 32,200 shares, the days-to-cover ratio is presently 1.2 days. Currently, 3.4% of the company’s shares are sold short.

Innovative Eyewear Stock Performance

Innovative Eyewear stock opened at $3.69 on Tuesday. Innovative Eyewear has a 1 year low of $3.26 and a 1 year high of $27.20. The firm has a 50 day moving average price of $4.93 and a 200 day moving average price of $6.13. The company has a market cap of $9.01 million, a price-to-earnings ratio of -0.38 and a beta of 2.75.

About Innovative Eyewear

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.