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

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

Analyst Ratings Changes

Several equities research analysts have recently commented on VTIX shares. Zacks Research raised Virtuix to a “hold” rating in a report on Tuesday, April 14th. Weiss Ratings started coverage on Virtuix in a research report on Monday, April 20th. They set a “sell (e-)” rating on the stock. Finally, Wall Street Zen lowered Virtuix from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Insider Activity at Virtuix

In other news, CEO Jan Roger Goetgeluk sold 20,279 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $3.58, for a total transaction of $72,598.82. Following the completion of the sale, the chief executive officer directly owned 4,000,000 shares of the company’s stock, valued at $14,320,000. This represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 500,000 shares of company stock worth $2,593,993 over the last three months.

Virtuix Stock Performance

Shares of VTIX traded down $0.02 during trading hours on Monday, hitting $3.48. 43,514 shares of the company were exchanged, compared to its average volume of 394,831. The company’s 50 day simple moving average is $4.43. Virtuix has a 52 week low of $3.00 and a 52 week high of $92.74.

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.