Virtuix Holdings Inc. (NASDAQ:VTIX) Short Interest Update

Virtuix Holdings Inc. (NASDAQ:VTIX) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,722,801 shares, a growth of 78.1% from the July 15th total of 967,213 shares. Approximately 8.1% of the company’s stock are short sold. Based on an average trading volume of 1,599,491 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, COO David Robert Malcolm Allan sold 35,769 shares of the stock in a transaction dated 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 transaction, the chief operating officer owned 9,002 shares of the company’s stock, valued at approximately $14,493.22. This represents a 79.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 503,985 shares of company stock worth $836,094 over the last 90 days. 28.63% of the stock is currently owned by insiders.

Virtuix Price Performance

VTIX opened at $1.69 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.36 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $2.65 and its 200 day moving average price is $4.56. Virtuix has a fifty-two week low of $1.42 and a fifty-two week high of $92.74. The firm has a market cap of $50.55 million and a price-to-earnings ratio of -3.52.

Virtuix (NASDAQ:VTIX) last posted its earnings results on Thursday, June 25th. The company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.03. The company had revenue of $1.27 million for the quarter. As a group, sell-side analysts expect that Virtuix will post -0.67 earnings per share for the current year.

Virtuix Company Profile

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.