Vicon Industries, Inc. (NYSEAMERICAN:VII) was the recipient of a significant increase in short interest during the month of December. As of December 29th, there was short interest totalling 210,224 shares, an increase of 280.2% from the December 15th total of 55,297 shares. Based on an average daily volume of 325,584 shares, the short-interest ratio is presently 0.6 days. Approximately 2.6% of the shares of the stock are short sold.
Separately, Scotiabank reissued a “buy” rating and issued a $27.00 target price on shares of Vicon Industries in a research note on Tuesday, October 10th.
In other news, major shareholder Anita G. Zucker sold 385,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $0.43, for a total value of $165,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Anita G. Zucker bought 7,500,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was bought at an average cost of $0.40 per share, with a total value of $3,000,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 607,500 shares of company stock valued at $263,500.
Vicon Industries (NYSEAMERICAN:VII) traded up $0.03 during midday trading on Wednesday, hitting $0.44. The stock had a trading volume of 933,600 shares, compared to its average volume of 554,800. Vicon Industries has a 12 month low of $0.26 and a 12 month high of $0.99. The company has a market cap of $3.88, a price-to-earnings ratio of -0.59 and a beta of 0.43.
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About Vicon Industries
Vicon Industries, Inc develops video management software. The Company designs, assembles and markets a range of video systems and system components, including cameras, network video servers/recorders, encoders and mass storage units, which are used in security, surveillance, safety and control applications.
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