Short interest in VOXX International Co. (NASDAQ:VOXX) drops 19.2%

VOXX International Co. (NASDAQ:VOXX – Get Free Report) was the target of a significant drop in short interest rates in May. On May 31, there was short interest totaling 227,600 shares, a decrease of 19.2% from the total of 281,700 shares on May 15. Based on an average trading volume of 69,000 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.4% of the company’s shares have been sold short.

Analysts set new price targets

Additionally, StockNews.com downgraded VOXX International from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st.

Check out our latest stock report on VOXX

VOXX International Stock Performance

NASDAQ:VOXX opened at $3.46 on Friday. The company’s 50-day moving average price is $5.34 and its 200-day moving average price is $7.88. The company has a current ratio of 2.43, a quick ratio of 1.11 and a debt-to-equity ratio of 0.28. VOXX International has a 52-week low of $3.34 and a 52-week high of $13.23.

VOXX International (NASDAQ:VOXX – Get Free Report) last reported its quarterly results on Tuesday, May 14. The auto parts company reported ($0.89) earnings per share (EPS) for the quarter. VOXX International had a negative net margin of 8.71% and a negative return on equity of 14.86%. The company had revenue of $108.08 million for the quarter.

Institutional trading from VOXX International

Institutional investors have recently made changes to their positions in the stock. Well Done LLC grew its holdings in shares of VOXX International by 902.6% in the 4th quarter. Well Done LLC now owns 1,742,558 shares of the auto parts company’s stock worth $18,611,000 after purchasing an additional 1,568,750 shares in the last quarter. Empowered Funds LLC increased its holdings in VOXX International by 8.0% in the first quarter. Empowered Funds LLC now owns 66,150 shares of the auto parts company’s stock worth $540,000 after acquiring an additional 4,900 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of VOXX International by 27.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 28,475 shares of the auto parts company’s stock worth $304,000 after purchasing an additional 6,171 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of VOXX International by 650.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,500 shares of the auto parts company’s stock worth $60,000 after purchasing an additional 6,500 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of VOXX International by 72.7% during the first quarter. BNP Paribas Financial Markets now owns 5,588 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 2,353 shares during the last quarter. Hedge funds and other institutional investors own 71.00% of the company’s shares.

About VOXX International

(Get a free report)

VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics and biometric products in the United States, Europe and internationally. The Automotive Electronics segment offers mobile multimedia infotainment products, including overhead, seatback and headrest systems; car security, vehicle access and remote start systems; satellite radios consisting of plug-and-play and direct-connect models; telematics applications for smartphones; mobile interface modules; electrical accessories for cars; rear observation and collision avoidance systems; Driver distraction products; electric lift gates; turn signal switches; automotive lighting products; detection and camera systems for cars; USB ports; cruise control systems; and heated seats.

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