V2X, Inc. (NYSE:VVX) Sees Significant Increase in Short Interest

V2X, Inc. (NYSE:VVX - Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,110,000 shares, a growth of 17.5% from the January 15th total of 944,800 shares. Approximately 6.6% of the company's stock are short sold. Based on an average daily trading volume, of 271,300 shares, the short-interest ratio is currently 4.1 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VVX shares. Citigroup started coverage on shares of V2X in a research note on Tuesday, January 21st. They set a "buy" rating and a $64.00 price target on the stock. BTIG Research began coverage on shares of V2X in a report on Monday, November 25th. They set a "buy" rating and a $80.00 price objective for the company. Royal Bank of Canada reissued a "sector perform" rating and set a $58.00 price objective (down from $70.00) on shares of V2X in a report on Thursday, December 19th. The Goldman Sachs Group began coverage on shares of V2X in a report on Thursday, December 12th. They set a "sell" rating and a $54.00 price objective for the company. Finally, JMP Securities reissued a "market outperform" rating and set a $80.00 price objective on shares of V2X in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, V2X presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.50.

Institutional Investors Weigh In On V2X

A number of large investors have recently made changes to their positions in VVX. State of Wyoming acquired a new stake in shares of V2X during the fourth quarter valued at approximately $45,000. US Bancorp DE grew its position in V2X by 81.0% during the third quarter. US Bancorp DE now owns 1,028 shares of the company's stock valued at $57,000 after purchasing an additional 460 shares in the last quarter. Summit Investment Advisors Inc. grew its position in V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock valued at $71,000 after purchasing an additional 288 shares in the last quarter. nVerses Capital LLC purchased a new position in V2X during the third quarter valued at approximately $95,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in V2X by 51.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company's stock valued at $114,000 after purchasing an additional 814 shares in the last quarter. Institutional investors and hedge funds own 95.18% of the company's stock.

V2X Trading Down 2.6 %

Shares of VVX stock traded down $1.14 during trading hours on Thursday, reaching $43.12. 202,422 shares of the stock traded hands, compared to its average volume of 196,273. V2X has a 1-year low of $37.58 and a 1-year high of $69.75. The business has a fifty day moving average price of $49.70 and a 200 day moving average price of $54.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $1.36 billion, a PE ratio of 154.00, a PEG ratio of 0.64 and a beta of 0.60.

V2X Company Profile

V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.