Short Interest in Innovative Eyewear, Inc. (NASDAQ:LUCY) Decreases By 15.4%

Innovative Eyewear, Inc. (NASDAQ:LUCY) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 39,700 shares, a drop of 15.4% from the February 13th total of 46,900 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily volume of 32,200 shares, the short-interest ratio is currently 1.2 days.

Innovative Eyewear Stock Performance

NASDAQ:LUCY traded down $0.02 during trading hours on Thursday, reaching $3.42. The company’s stock had a trading volume of 4,347 shares, compared to its average volume of 956,637. Innovative Eyewear has a 12 month low of $3.26 and a 12 month high of $27.20. The stock has a 50 day moving average price of $4.83 and a two-hundred day moving average price of $6.10. The company has a market capitalization of $8.35 million, a P/E ratio of -0.35 and a beta of 2.75.

About Innovative Eyewear

Innovative Eyewear, Inc develops and sells smart eyeglasses and sunglasses. The company's flagship product is Lucyd Lyte glasses that enable the wearer to listen to music, take and make calls, and use voice assistants to perform various smartphone tasks hands-free. It also offers Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with voice.