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

Innovative Eyewear, Inc. (NASDAQ:LUCYW) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,128 shares, a drop of 64.9% from the June 30th total of 3,215 shares. Based on an average trading volume of 9,442 shares, the days-to-cover ratio is presently 0.1 days.

Innovative Eyewear Stock Up 24.7%

Shares of Innovative Eyewear stock opened at $0.03 on Wednesday. Innovative Eyewear has a 1-year low of $0.03 and a 1-year high of $0.18. The business’s fifty day moving average price is $0.05 and its two-hundred day moving average price is $0.06.

Innovative Eyewear Company Profile

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.