Short Interest in Innovative Eyewear, Inc. (NASDAQ:LUCY) Declines By 25.8%

Innovative Eyewear, Inc. (NASDAQ:LUCY) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 27,100 shares, a decline of 25.8% from the December 15th total of 36,500 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 252,400 shares, the days-to-cover ratio is presently 0.1 days.

Innovative Eyewear Stock Down 1.0 %

LUCY traded down $0.06 during trading on Wednesday, reaching $5.67. 77,115 shares of the company were exchanged, compared to its average volume of 58,513. The company has a market cap of $13.85 million, a price-to-earnings ratio of -0.59 and a beta of 2.67. Innovative Eyewear has a 12-month low of $3.26 and a 12-month high of $27.20. The company’s 50-day moving average is $6.22 and its two-hundred day moving average is $6.35.

Innovative Eyewear (NASDAQ:LUCY) last announced its quarterly 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 firm had revenue of $0.25 million for the quarter. Innovative Eyewear had a negative net margin of 514.01% and a negative return on equity of 115.86%.

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.