Innovative Eyewear, Inc. (NASDAQ:LUCYW – Get Rating)'s share price dropped 13% on Wednesday . The stock traded as low as $0.16 and last traded at $0.20. Approximately 2,201 shares were traded during trading, a decline of 37% from the average daily volume of 3,500 shares. The stock had previously closed at $0.23.

Innovative Eyewear Stock Performance

The company's 50-day simple moving average is $0.19.

Hedge Funds Weigh In On Innovative Eyewear

Large investors have recently added to or reduced their stakes in the business. Altium Capital Management LP purchased a new position in Innovative Eyewear in the 3rd quarter worth $60,000. Anson Funds Management LP bought a new stake in Innovative Eyewear in the 3rd quarter worth $209,000. Finally, Armistice Capital LLC bought a new stake in Innovative Eyewear in the 3rd quarter worth $84,000.

About Innovative Eyewear

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 to perform various smartphone tasks hands-free. It also offers Vyrb, a social media application that enables the user to receive and send posts through Lucyd Lyte smart glasses with voice.

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