Innovative Eyewear, Inc. (NASDAQ:LUCYW) Sees Large Drop in Short Interest

Innovative Eyewear, Inc. (NASDAQ:LUCYW) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 3,215 shares, a decrease of 39.8% from the June 15th total of 5,341 shares. Based on an average trading volume of 11,689 shares, the days-to-cover ratio is presently 0.3 days.

Innovative Eyewear Price Performance

NASDAQ:LUCYW remained flat at $0.06 on Friday. The business has a fifty day moving average price of $0.05 and a 200-day moving average price of $0.06. Innovative Eyewear has a 12-month low of $0.03 and a 12-month high of $0.18.

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 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. In addition, the company provides Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with an individual's voice; and Lucyd app for iOS and Android to provide voice access to ChatGPT in Lucyd eyewear.