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

Virtuix Holdings Inc. (NASDAQ:VTIX) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 815,698 shares, a growth of 79.5% from the May 14th total of 454,376 shares. Based on an average trading volume of 1,023,692 shares, the days-to-cover ratio is presently 0.8 days. Approximately 2.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VTIX. Wall Street Zen lowered shares of Virtuix from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings began coverage on shares of Virtuix in a report on Monday, April 20th. They set a “sell (e-)” rating for the company. Finally, Zacks Research raised shares of Virtuix to a “hold” rating in a report on Tuesday, April 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Virtuix Stock Performance

Shares of Virtuix stock opened at $3.40 on Tuesday. The business’s 50 day moving average is $4.38. Virtuix has a 1-year low of $3.00 and a 1-year high of $92.74.

Insider Activity at Virtuix

In other Virtuix news, CEO Jan Roger Goetgeluk sold 112,563 shares of Virtuix stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $6.96, for a total transaction of $783,438.48. Following the sale, the chief executive officer owned 4,309,689 shares of the company’s stock, valued at $29,995,435.44. The trade was a 2.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 500,000 shares of company stock worth $2,593,993 over the last ninety days.

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.