Short Interest in Virtuix Holdings Inc. (NASDAQ:VTIX) Rises By 78.1%

Virtuix Holdings Inc. (NASDAQ:VTIXGet Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 1,722,801 shares, an increase of 78.1% from the July 15th total of 967,213 shares. Based on an average daily volume of 1,599,491 shares, the short-interest ratio is presently 1.1 days. Currently, 8.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings upgraded Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded Virtuix from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Maxim Group began coverage on Virtuix in a research note on Thursday, June 18th. They set a “buy” rating and a $11.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.00.

Read Our Latest Analysis on Virtuix

Insider Buying and Selling

In other Virtuix news, COO David Robert Malcolm Allan sold 35,769 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $1.61, for a total value of $57,588.09. Following the completion of the sale, the chief operating officer directly owned 9,002 shares in the company, valued at $14,493.22. This represents a 79.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 503,985 shares of company stock worth $836,094 over the last quarter. 28.63% of the stock is owned by insiders.

Virtuix Stock Performance

Shares of NASDAQ:VTIX opened at $1.77 on Monday. The stock has a market capitalization of $52.94 million and a price-to-earnings ratio of -3.69. Virtuix has a 1-year low of $1.42 and a 1-year high of $92.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.23 and a current ratio of 1.36. The company has a 50 day moving average price of $2.69 and a 200 day moving average price of $4.58.

Virtuix (NASDAQ:VTIXGet Free Report) last posted its quarterly earnings results on Thursday, June 25th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.03. The company had revenue of $1.27 million during the quarter. On average, research analysts anticipate that Virtuix will post -0.67 EPS for the current fiscal year.

About Virtuix

(Get Free Report)

Virtuix (NASDAQ:VTIX) is a company that develops and commercializes hardware and software for immersive virtual reality (VR) locomotion and related experiences. Its core focus is on enabling natural movement inside virtual environments through purpose-built platforms and systems that pair motion-control hardware with software integrations for games, training and location-based entertainment.

The company is best known for its Omni family of omnidirectional locomotion platforms, which are designed to allow users to walk, run and maneuver in 360 degrees within a virtual space while remaining stationary in the real world.

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