Gauzy Ltd. (NASDAQ:GAUZ) Stock Short Interest Drops 96.3%

Gauzy Ltd. (NASDAQ:GAUZ) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 40,628 shares, a drop of 96.3% from the August 31st total of 1,102,568 shares. Based on an average daily trading volume, of 22,715 shares, the short-interest ratio is presently 1.8 days. Currently, 3.6% of the company’s shares are sold short.

Gauzy Trading Down 17.5%

NASDAQ:GAUZ traded down $1.13 during trading hours on Friday, hitting $5.32. 16,315 shares of the company were exchanged, compared to its average volume of 15,711. The stock has a market capitalization of $6.08 million, a price-to-earnings ratio of -0.13 and a beta of -0.27. Gauzy has a one year low of $4.61 and a one year high of $141.60. The company has a fifty day simple moving average of $7.31 and a 200 day simple moving average of $10.70.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Gauzy in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About Gauzy

Gauzy Ltd. is a technology company that develops and manufactures light-control products and systems for the automotive, architectural, aerospace and other specialty-glazing markets. Its technologies are designed to electronically control the amount of light and glare passing through glass and other transparent surfaces.

The company’s products include light-control films, smart-glass solutions, electronic controllers and related software. These products can be incorporated into vehicle windows, sunroofs and interior displays, as well as building windows, partitions and other transparent surfaces.