Vicon Industries, Inc. (VII) Sees Significant Increase in Short Interest

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.

A hedge fund recently bought a new stake in Vicon Industries stock. Virtu KCG Holdings LLC purchased a new stake in shares of Vicon Industries, Inc. (NYSEAMERICAN:VII) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 234,491 shares of the industrial products company’s stock, valued at approximately $137,000. Virtu KCG Holdings LLC owned 2.51% of Vicon Industries at the end of the most recent reporting period.

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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