Gauzy Ltd. (NASDAQ:GAUZ) Shares Shorted: Short Interest Down 96.3% in September

Gauzy Ltd. (NASDAQ:GAUZ) was the target of a significant 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 trading volume of 22,715 shares, the days-to-cover ratio is currently 1.8 days. Approximately 3.6% of the shares of the stock are short sold.

Gauzy Price Performance

Shares of NASDAQ:GAUZ traded down $0.22 on Thursday, reaching $6.45. 4,891 shares of the company traded hands, compared to its average volume of 17,109. The stock has a market capitalization of $7.35 million, a PE ratio of -0.16 and a beta of -0.27. The company’s 50 day moving average is $7.35 and its 200-day moving average is $10.74. Gauzy has a fifty-two week low of $4.61 and a fifty-two week high of $141.60.

Wall Street Analysts Forecast Growth

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

Gauzy Company Profile

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.