Virtuix Holdings Inc. (NASDAQ:VTIX) Short Interest Up 78.1% in July

Virtuix Holdings Inc. (NASDAQ:VTIX) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,722,801 shares, a growth of 78.1% from the July 15th total of 967,213 shares. Based on an average daily trading volume, of 1,599,491 shares, the days-to-cover ratio is currently 1.1 days. Currently, 8.1% of the company’s shares are sold short.

Insider Buying and Selling

In other Virtuix news, COO David Robert Malcolm Allan sold 35,769 shares of the firm’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 completion of the transaction, the chief operating officer directly owned 9,002 shares in the company, valued at $14,493.22. This trade represents a 79.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 503,985 shares of company stock worth $836,094 over the last ninety days. 28.63% of the stock is currently owned by corporate insiders.

Virtuix Stock Performance

Shares of NASDAQ VTIX opened at $1.77 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. Virtuix has a one year low of $1.42 and a one year high of $92.74. The business has a 50-day moving average price of $2.69 and a two-hundred day moving average price of $4.58. The firm has a market capitalization of $52.94 million and a PE ratio of -3.69.

Virtuix (NASDAQ:VTIX) last issued its earnings results on Thursday, June 25th. The company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.03. The business had revenue of $1.27 million during the quarter. As a group, analysts predict that Virtuix will post -0.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VTIX has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, July 1st. Maxim Group assumed coverage on shares of Virtuix in a research report on Thursday, June 18th. They set a “buy” rating and a $11.00 price objective on the stock. Finally, Wall Street Zen raised shares of Virtuix from a “strong sell” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.00.

About Virtuix

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.