What's Going On With Vuzix Stock?

Vuzix Corp VUZI shares are trading higher Monday after rallying more than 30% over the last month. Here's a look at what's going on.

What To Know: Vuzix on Monday announced its smart glasses are being deployed by Ox at one of the world's largest logistics platform providers.

"Ox is pursuing multiple customer opportunities using our smart glasses at this point and we look forward to their continued success with this customer and other blue chip firms," said Paul Travers, president and CEO of Vuzix.

The stock has been largely trending lower over the last six months, but it found its footing in early January after the company showcased its products at the 2023 Consumer Electronics Show and then provided an update on OEM purchase orders from multiple defense and commercial customers.

On Jan. 10, Vuzix announced that four undisclosed companies have purchase orders that are expected to "expand in size over time." 

The stock is trending across social media platforms Monday morning as traders highlight high short interest in the name. It was among the top trending tickers on Stocktwits at last check. 28.3% of the company's float is currently sold short, according to data from Benzinga Pro.

Vuzix is a supplier of smart glasses and augmented reality (AR) technology and products.

See Also: Benzinga's Talk of the Town: Top Social Trending Stories You Need To Know

VUZI Price Action: Vuzix has a 52-week high of $10.49 and a 52-week low of $3.27.

The stock was up 12.2% at $5.52 Monday morning, according to Benzinga Pro.

Photo: courtesy of Vuzix.