Virtuix Holdings Inc. (NASDAQ:VTIX) Short Interest Up 79.5% in May

Virtuix Holdings Inc. (NASDAQ:VTIX) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 815,698 shares, a growth of 79.5% from the May 14th total of 454,376 shares. Based on an average daily trading volume, of 1,023,692 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.8% of the shares of the stock are sold short.

Virtuix Stock Performance

VTIX stock opened at $3.39 on Wednesday. The company has a fifty day moving average of $4.32. Virtuix has a twelve month low of $3.00 and a twelve month high of $92.74.

Insider Transactions at Virtuix

In other Virtuix news, CEO Jan Roger Goetgeluk sold 112,563 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $6.96, for a total transaction of $783,438.48. Following the transaction, the chief executive officer owned 4,309,689 shares of the company’s stock, valued at approximately $29,995,435.44. This represents a 2.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 500,000 shares of company stock worth $2,593,993.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wall Street Zen downgraded Virtuix from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings began coverage on Virtuix in a report on Monday, April 20th. They set a “sell (e-)” rating on the stock. Finally, Zacks Research raised Virtuix to a “hold” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

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.