VOXX International Corp (NASDAQ:VOXX) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 103,000 shares, a growth of 8.1% from the January 15th total of 95,300 shares. Based on an average trading volume of 44,400 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.5% of the company’s stock are short sold.
Separately, ValuEngine raised VOXX International from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its stake in shares of VOXX International by 14.2% in the 4th quarter. Renaissance Technologies LLC now owns 516,122 shares of the auto parts company’s stock valued at $2,261,000 after buying an additional 64,079 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in VOXX International by 31.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,349 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 6,100 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of VOXX International by 9.8% in the fourth quarter. Acadian Asset Management LLC now owns 110,837 shares of the auto parts company’s stock valued at $485,000 after purchasing an additional 9,873 shares during the period. State Street Corp increased its holdings in shares of VOXX International by 8.2% in the fourth quarter. State Street Corp now owns 32,279 shares of the auto parts company’s stock valued at $141,000 after purchasing an additional 2,451 shares during the period. Finally, Simplex Trading LLC raised its stake in shares of VOXX International by 194.3% in the fourth quarter. Simplex Trading LLC now owns 9,881 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 6,524 shares during the last quarter. Institutional investors and hedge funds own 49.26% of the company’s stock.
NASDAQ VOXX opened at $3.86 on Friday. VOXX International has a 52 week low of $3.41 and a 52 week high of $5.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.50 and a current ratio of 2.71. The stock’s 50 day moving average price is $4.40 and its two-hundred day moving average price is $4.61. The stock has a market capitalization of $93.95 million, a price-to-earnings ratio of -2.28 and a beta of 0.99.
VOXX International (NASDAQ:VOXX) last issued its quarterly earnings results on Thursday, January 9th. The auto parts company reported ($0.03) earnings per share for the quarter. VOXX International had a negative return on equity of 7.19% and a negative net margin of 10.27%. The business had revenue of $110.11 million for the quarter.
About VOXX International
VOXX International Corporation, together with its subsidiaries, manufactures and distributes automotive, audio, and consumer accessories worldwide. Its Automotive segment offers rear-seat entertainment devices, satellite radio products, automotive security and remote start systems, mobile multimedia devices, aftermarket/OE-styled radios, car link-smartphone telematics applications, collision avoidance systems, and location-based services.
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