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

Innovative Eyewear, Inc. (NASDAQ:LUCY) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 98,100 shares, a decrease of 47.2% from the October 31st total of 185,700 shares. Based on an average daily volume of 1,750,000 shares, the short-interest ratio is currently 0.1 days. Approximately 8.6% of the shares of the company are short sold.

Insider Buying and Selling at Innovative Eyewear

In other Innovative Eyewear news, major shareholder Vladimir Galkin sold 258,483 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.27, for a total value of $1,879,171.41. Following the sale, the insider now owns 420,000 shares of the company’s stock, valued at $3,053,400. The trade was a 38.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.42% of the company’s stock.

Innovative Eyewear Stock Down 5.4 %

LUCY traded down $0.37 during midday trading on Thursday, reaching $6.51. 88,474 shares of the company’s stock were exchanged, compared to its average volume of 1,035,874. The business has a 50-day simple moving average of $7.58 and a two-hundred day simple moving average of $7.18. The firm has a market capitalization of $15.88 million, a price-to-earnings ratio of -0.67 and a beta of 2.80. Innovative Eyewear has a one year low of $3.26 and a one year high of $27.20.

Innovative Eyewear (NASDAQ:LUCY) last issued its earnings results on Tuesday, November 12th. The company reported ($0.99) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.60) by $0.61. The business had revenue of $0.25 million during the quarter. Innovative Eyewear had a negative return on equity of 115.86% and a negative net margin of 514.01%.

Innovative Eyewear Company Profile

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.