Virtuix Holdings Inc. (NASDAQ:VTIX) Short Interest Down 39.7% in August

Virtuix Holdings Inc. (NASDAQ:VTIXGet Free Report) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,038,765 shares, a decline of 39.7% from the July 30th total of 1,722,801 shares. Based on an average daily volume of 442,927 shares, the short-interest ratio is currently 2.3 days. Currently, 4.9% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several research analysts recently commented on VTIX shares. Maxim Group began coverage on shares of Virtuix in a research note on Thursday, June 18th. They issued a “buy” rating and a $11.00 price target on the stock. Wall Street Zen downgraded Virtuix from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 23rd. Finally, Weiss Ratings raised Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.00.

Get Our Latest Report on VTIX

Insiders Place Their Bets

In related news, COO David Robert Malcolm Allan sold 35,769 shares of the firm’s stock in a transaction 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 trade represents a 79.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 503,985 shares of company stock worth $836,094. Corporate insiders own 28.63% of the company’s stock.

Virtuix Trading Down 3.0%

NASDAQ:VTIX opened at $1.29 on Wednesday. The stock has a market cap of $38.66 million and a P/E ratio of -1.84. Virtuix has a 1 year low of $1.16 and a 1 year high of $92.74. The stock has a 50-day simple moving average of $2.18 and a 200-day simple moving average of $4.16. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.61 and a current ratio of 0.71.

Virtuix (NASDAQ:VTIXGet Free Report) last issued its earnings results on Wednesday, August 19th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.03. The firm had revenue of $0.77 million during the quarter. As a group, analysts anticipate that Virtuix will post -0.67 earnings per share for the current fiscal year.

Virtuix Company Profile

(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.

Further Reading

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