VOXX International Co. (NASDAQ:VOXX) Short Interest Update

VOXX International Co. (NASDAQ:VOXX) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 474,500 shares, a drop of 20.9% from the December 31st total of 599,500 shares. Currently, 9.1% of the shares of the company are sold short. Based on an average daily volume of 217,600 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On VOXX International

Several large investors have recently modified their holdings of the stock. Well Done LLC lifted its position in shares of VOXX International by 95.2% during the 3rd quarter. Well Done LLC now owns 6,463,808 shares of the auto parts company’s stock worth $41,110,000 after buying an additional 3,152,500 shares during the period. Tenzing Global Management LLC acquired a new position in VOXX International during the third quarter worth $6,201,000. Peapod Lane Capital LLC bought a new position in shares of VOXX International during the fourth quarter valued at $3,632,000. Squarepoint Ops LLC acquired a new stake in shares of VOXX International in the 2nd quarter valued at $130,000. Finally, Marquette Asset Management LLC grew its holdings in shares of VOXX International by 60.0% in the 3rd quarter. Marquette Asset Management LLC now owns 78,176 shares of the auto parts company’s stock worth $497,000 after purchasing an additional 29,326 shares during the last quarter. 71.00% of the stock is currently owned by institutional investors.

VOXX International Stock Performance

NASDAQ VOXX opened at $7.38 on Monday. VOXX International has a twelve month low of $2.27 and a twelve month high of $9.24. The company has a quick ratio of 1.05, a current ratio of 2.10 and a debt-to-equity ratio of 0.20. The stock has a market cap of $166.05 million, a P/E ratio of -6.65 and a beta of 1.24. The company’s 50-day simple moving average is $7.45 and its 200 day simple moving average is $6.14.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of VOXX International in a report on Wednesday, January 29th. They issued a “hold” rating on the stock.

About VOXX International

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally. It offers automotive security, vehicle access, and remote start modules and systems; smart phone telematics applications; mobile multi-media infotainment products and rear-seat entertainment products, including overhead, seat-back, and headrest systems; rear observation and collision avoidance systems; 360 camera applications; satellite radios comprising plug and play, and direct connect models; cruise control systems; audio products; heated seats; interior lighting solutions; security and shock sensors; turn signal switches; puddle lamps; box lights; harnesses; electric vehicle sound systems; and logo lighting modules.