Innovative Eyewear, Inc. (NASDAQ:LUCY) Short Interest Down 16.3% in February

Innovative Eyewear, Inc. (NASDAQ:LUCY) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 183,585 shares, a decrease of 16.3% from the January 29th total of 219,224 shares. Based on an average daily trading volume, of 158,068 shares, the days-to-cover ratio is currently 1.2 days. Currently, 3.5% of the company’s shares are sold short. Currently, 3.5% of the company’s shares are sold short. Based on an average daily trading volume, of 158,068 shares, the days-to-cover ratio is currently 1.2 days.

Innovative Eyewear Stock Performance

NASDAQ:LUCY traded up $0.01 during trading hours on Thursday, hitting $1.11. 251,286 shares of the company’s stock traded hands, compared to its average volume of 4,511,998. The firm has a market cap of $5.94 million, a P/E ratio of -0.51 and a beta of 3.23. Innovative Eyewear has a twelve month low of $0.95 and a twelve month high of $5.56. The stock’s fifty day moving average price is $1.23 and its two-hundred day moving average price is $1.57.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Innovative Eyewear in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Innovative Eyewear presently has a consensus rating of “Sell”.

Institutional Trading of Innovative Eyewear

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Innovative Eyewear during the fourth quarter worth approximately $33,000. Citadel Advisors LLC purchased a new stake in Innovative Eyewear in the 3rd quarter worth approximately $45,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Innovative Eyewear during the 2nd quarter valued at $331,000. 0.96% of the stock is owned by hedge funds and other institutional investors.

About Innovative Eyewear

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. In addition, the company launches an application, Lucyd app for iOS/Android users. It sells its products through various e-commerce, and retail store and distribution channels.