Valens Semiconductor Ltd. (NYSE:VLN) Short Interest Update

Valens Semiconductor Ltd. (NYSE:VLN - Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 159,700 shares, a drop of 46.6% from the September 30th total of 299,100 shares. Currently, 0.2% of the company's shares are short sold. Based on an average daily trading volume, of 187,700 shares, the days-to-cover ratio is currently 0.9 days.

Valens Semiconductor Trading Up 1.1 %

NYSE VLN traded up $0.02 on Friday, hitting $1.88. 132,278 shares of the company were exchanged, compared to its average volume of 265,626. Valens Semiconductor has a 12 month low of $1.82 and a 12 month high of $3.39. The company has a market cap of $195.82 million, a PE ratio of -7.83 and a beta of 0.40. The stock has a fifty day moving average of $2.07 and a 200-day moving average of $2.46.

Valens Semiconductor (NYSE:VLN - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.03. The company had revenue of $13.60 million during the quarter, compared to the consensus estimate of $12.80 million. Valens Semiconductor had a negative return on equity of 17.06% and a negative net margin of 46.71%. On average, analysts expect that Valens Semiconductor will post -0.37 earnings per share for the current year.

Hedge Funds Weigh In On Valens Semiconductor

A number of large investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. increased its holdings in Valens Semiconductor by 14.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 154,795 shares of the company's stock worth $364,000 after purchasing an additional 19,727 shares in the last quarter. Marshall Wace LLP grew its holdings in Valens Semiconductor by 355.5% during the second quarter. Marshall Wace LLP now owns 87,461 shares of the company's stock worth $279,000 after buying an additional 68,260 shares in the last quarter. Renaissance Technologies LLC raised its position in Valens Semiconductor by 23.3% in the 2nd quarter. Renaissance Technologies LLC now owns 634,300 shares of the company's stock valued at $2,023,000 after buying an additional 119,900 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Valens Semiconductor during the 2nd quarter valued at $401,000. 33.90% of the stock is currently owned by institutional investors.

Valens Semiconductor Company Profile

Valens Semiconductor Ltd. engages in the provision of semiconductor products for the audio-video and automotive industries. The company offers HDBaseT technology, which enables the simultaneous delivery of ultra-high-definition digital video and audio, Ethernet, USB, control signals, and power through a single long-reach cable.