VOXX International Corp (NASDAQ:VOXX) Short Interest Up 24.1% in October

VOXX International Corp (NASDAQ:VOXX) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 128,300 shares, an increase of 24.1% from the September 30th total of 103,400 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 39,700 shares, the short-interest ratio is currently 3.2 days.

A number of institutional investors and hedge funds have recently made changes to their positions in VOXX. Kahn Brothers Group Inc. DE lifted its stake in VOXX International by 12.1% during the second quarter. Kahn Brothers Group Inc. DE now owns 3,967,546 shares of the auto parts company’s stock worth $16,505,000 after purchasing an additional 429,789 shares during the period. George Kaiser Family Foundation lifted its stake in VOXX International by 30.6% during the second quarter. George Kaiser Family Foundation now owns 354,740 shares of the auto parts company’s stock worth $1,476,000 after purchasing an additional 83,157 shares during the period. Renaissance Technologies LLC lifted its stake in VOXX International by 29.3% during the second quarter. Renaissance Technologies LLC now owns 362,624 shares of the auto parts company’s stock worth $1,509,000 after purchasing an additional 82,091 shares during the period. Moors & Cabot Inc. lifted its stake in VOXX International by 20.5% during the second quarter. Moors & Cabot Inc. now owns 199,751 shares of the auto parts company’s stock worth $824,000 after purchasing an additional 34,000 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in VOXX International by 48.7% during the second quarter. Jacobs Levy Equity Management Inc. now owns 49,640 shares of the auto parts company’s stock worth $207,000 after purchasing an additional 16,257 shares during the period. Hedge funds and other institutional investors own 52.86% of the company’s stock.

NASDAQ VOXX opened at $4.58 on Thursday. The company has a current ratio of 2.63, a quick ratio of 1.34 and a debt-to-equity ratio of 0.02. The firm has a 50-day simple moving average of $4.71 and a 200 day simple moving average of $4.42. VOXX International has a twelve month low of $3.41 and a twelve month high of $5.42.

VOXX International (NASDAQ:VOXX) last announced its quarterly earnings results on Thursday, October 10th. The auto parts company reported ($0.24) EPS for the quarter. The business had revenue of $90.25 million for the quarter. VOXX International had a negative return on equity of 3.73% and a negative net margin of 7.48%.

Separately, ValuEngine upgraded shares of VOXX International from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

About VOXX International

VOXX International Corporation, together with its subsidiaries, manufactures and distributes automotive, audio, and consumer accessories worldwide. Its Automotive segment offers rear-seat entertainment devices, satellite radio products, automotive security and remote start systems, mobile multimedia devices, aftermarket/OE-styled radios, car link-smartphone telematics applications, collision avoidance systems, and location-based services.

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