Innovative Eyewear, Inc. (NASDAQ:LUCY) Short Interest Up 2,511.3% in July

Posted by Stanley Muller on Jul 25th, 2026

Innovative Eyewear, Inc. (NASDAQ:LUCY – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 650,128 shares, a growth of 2,511.3% from the June 30th total of 24,897 shares. Based on an average daily trading volume, of 26,317,729 shares, the days-to-cover ratio is presently 0.0 days. Approximately 10.3% of the shares of the company are sold short.

Innovative Eyewear Price Performance

NASDAQ LUCY opened at $0.65 on Friday. The firm has a market capitalization of $4.17 million, a price-to-earnings ratio of -0.39 and a beta of 2.71. The company’s fifty day moving average is $0.90 and its two-hundred day moving average is $1.06. Innovative Eyewear has a 52-week low of $0.65 and a 52-week high of $2.27.

Innovative Eyewear (NASDAQ:LUCY – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.10. Innovative Eyewear had a negative net margin of 272.42% and a negative return on equity of 83.37%. The business had revenue of $0.77 million during the quarter, compared to analyst estimates of $0.70 million.

Analysts Set New Price Targets

A number of research analysts have weighed in on LUCY shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Innovative Eyewear in a research report on Friday, July 17th. Maxim Group cut Innovative Eyewear from a “buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Innovative Eyewear currently has a consensus rating of “Reduce”.

Read Our Latest Research Report on Innovative Eyewear

Institutional Trading of Innovative Eyewear

A number of hedge funds have recently modified their holdings of LUCY. Virtu Financial LLC bought a new stake in shares of Innovative Eyewear during the fourth quarter valued at approximately $33,000. Citadel Advisors LLC bought a new stake in Innovative Eyewear in the 3rd quarter valued at $45,000. Finally, Cetera Investment Advisers bought a new stake in Innovative Eyewear in the 2nd quarter valued at $331,000. Institutional investors own 0.96% of the company’s stock.

About Innovative Eyewear

(Get Free Report)

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. In addition, the company launches an application, Lucyd app for iOS/Android users. It sells its products through various e-commerce, and retail store and distribution channels.