Virtuix shares fell 50% in a week
Virtuix’s CEO attributed the sharp stock drop to heavier trading after being included in a Zacks stock list and possible short interest.
The company is focusing on its core consumer growth engine, Omni One, which targets a 40% gross margin on hardware and recurring revenue from game sales and subscriptions.
Virtuix is also expanding into the defense sector, working with multiple U.S. military branches and pursuing Marine Corps training projects.
The company sold 4.5 million shares on NASDAQ and has a completed 10b5-1 trading plan involving the sale of 500,000 shares for $10