Short Interest in Innovative Eyewear, Inc. (NASDAQ:LUCYW) Declines By 45.8%

Innovative Eyewear, Inc. (NASDAQ:LUCYW) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 7,100 shares, a drop of 45.8% from the February 28th total of 13,100 shares. Based on an average daily trading volume, of 9,000 shares, the short-interest ratio is currently 0.8 days.

Innovative Eyewear Stock Performance

LUCYW stock traded down $0.00 during midday trading on Friday, reaching $0.07. The stock had a trading volume of 401 shares, compared to its average volume of 22,745. The firm has a fifty day simple moving average of $0.06 and a two-hundred day simple moving average of $0.05. Innovative Eyewear has a 52-week low of $0.02 and a 52-week high of $0.49.

Innovative Eyewear Company Profile

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 and ChatGPT to perform various smartphone tasks hands-free. It also offers smart eyewear under the Lyte XL brand; and Nautica Powered by Lucyd smart eyewear collection and various branded accessories, including a power brick, cleaning cloth, and a slipcase adorned.